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Office Market News

BRISK GROUP – WE ARE ONE STEP AHEAD

2019 has come with some important changes for us. We have a new brand positioning, a new logo and a new website to share with you.

A record of 1.2 million sqm of new real estate industrial, office and retail projects to be delivered in 2019

The real estate market in Romania has entered a new year of development on all segments, investors having plans to deliver logistic, commercial and office buildings with a cumulated area of 1.2 million square meters, a new record, according to Cushman & Wakefield Echinox. For comparison, last year new spaces of about 850,000 square meters were delivered.

Office vacancy rate in Bucharest reached a low record of 6.6% in 2018

The average office vacancy rate in Bucharest dropped to a historic low of about 6.6% last year, compared with 9.2% at the end of 2017. The decrease occurred on the background of a lower development activity compared to the market request, according to JLL Romania.

Real estate investment market in Romania: 940 million euros in 2018

The volume of transactions registered in 2018 is 940 million euros, a level similar to that seen in 2017, but 30% higher than the figure reported in 2016, according to an analysis by CBRE.

Mindspace opens the first coworking space in Romania in Globalworth Campus

With an area of 4,446 sqm, distributed on two floors, the Mindspace Business District can accommodate over 730 members - companies, start-ups, entrepreneurs and freelancers.

Bucharest is among the top cities with the most and youngest employees in the high tech industry

Bucharest has ranked as one of the most highly experienced cities in the high-tech industry, currently employing more than 70,000 employees, shows a deep-seated research into Europe, the Middle East and Africa region (EMEA) carried out by CBRE.

Land transactions in Bucharest reached 245 million euros last year

Developers and real estate investors registered last year, in Bucharest, acquisitions of land with a cumulative value of about 245 million euros, a new record of the last ten years.

Investment volumes in the CEE markets hit EUR 13.8bn in 2018

The real estate consultancy company Colliers International reveals in its latest CEE report, Outlook 2019: Climbing at the altitude, that we ascended to record volumes of EUR 13.8bn in the CEE region, up 5% year-on-year in 2018. For 2019, Colliers experts expect the Eurozone interest rates to be flat-lining at zero, thus keeping liquidity high, buyers interested and helping pricing to plateau. We foresee selective compression in capital city prime office yields.

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Alexandra Filip

+40 745 200 485


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