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Office Market News

Foreign direct investment up by 9.74% in the first 10 months of 2018

Foreign direct investment registered a growth of 9.74% in the first 10 months of this year, compared to the same period in 2017, to 4.561 billion euros, according to data from the National Bank of Romania (BNR).

CBRE has traded almost 22,000 m² for Regus and Spaces in Romania

CBRE, the world's leading national real estate consultant, has brokered rental deals for approximately 22,000 m² of coworking workspaces for the Regus and Spaces brands since 2015. This area includes agreements for new centers that have opened or to be inaugurated, as well as contractual renegotiations.

Christmas leads to material implications for real estate market players

December is a time for Romania to score positive results for sales at supermarkets, hypermarkets or discounters as well as for gifts, offering generous returns for retailers in shopping centers and preferring apparel rather than electronic goods relative to other Europeans. The season’s celebrations are a recurring highlight each year for the office segment as well, as both landlords and tenants invest in promoting the holiday spirit.

The most effervescent real estate market in Romania stays Aurel Vlaicu area in Bucharest

The area near Aurel Vlaicu metro station, at the intersection of Barbu Văcărescu Boulevard, Pipera Road and Floreasca Road, continues to be the most effervescent real estate hub in Romania, developing rapidly over the past 10 years as the new business center of Bucharest, the existing stock being almost completely occupied (vacancy rate

Companies up to 250 employees rent half of the office space in 2018

SMEs, businesses with up to 250 employees, have traded office space of up to 2,500 sq m, accounting for 46% of the office space market in Romania, according to an analysis by ESOP Consulting for the first three quarters.

The Bucharest metro will be extended to the Berceni area towards the ring road

Metrorex and the City Hall of Sector 4 Bucharest concluded a protocol for the extension of the Metro Line 2 in the Berceni area with a new above the ground station.

CertSIGN has rented 2,300 sqm of office space in AFI Tech Park

The Romanian company CertSIGN has rented an office space with an area of 2,300 sqm in the AFI Tech Park 1 building, which thus reached a 60% occupancy.

Value of real estate transactions in Romania exceeded 4 billion euros over the past five years

On the local real estate market, revenue-generating property transactions worth more than 4 billion euros over the last five years have been signed, the most active buyers being South African investors, with a market share of 28%, followed by by Greek investors (14%), French (10%) and Romanians (7%), according to a study conducted by the real estate consultancy firm Cushman & Wakefield Echinox.

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