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Office Market News

The office space market in Bucharest needs new development projects

The office space segment will continue to grow at an accelerated pace amid a growing demand trend and a small vacancy rate of only 8.4%, according to a CBRE study.

WWF organization moves to AFI Tech Park

AFI Europe Romania announces a new tenant in the first office building of the business campus AFI Tech Park in Bucharest. The new lease has been signed with the WWF Danube-Carpathian Programme Romania (WWF Romania), for an area of 350 sqm, for a period of 5 years.

Don't miss the Facility & Property Management 2018 conference!

The 9th edition of Facility & Property Management Conference will take place on 12 June, at JW Marriott Bucharest Grand Hotel and will bring together specialist owners, tenants and specialists in the maintenance and management of commercial buildings, offering a broad perspective on the regional and local trends facing this industry.

Almost 40 pct of Romanian employees spend more than one hour on their way to work

A percent of 37.7 of Romanian employees lose between one hour and two hours on their way to the daily workplace. For this reason, nearly 6 out of 10 employees would be willing to accept a less paid job but closer to the area they live in.

Over 1,000 Coworking spaces in Central and Eastern Europe

A report by the Pin Maps and Fab Lab Iasi teams shows that in the spring of 2018 there are 1,166 hubs and Coworking spaces in the Functional Urban Areas (cities with more than 50,000 inhabitants) in Central and Eastern Europe.

Up to 10% of the Bucharest office buildings have bicycle parking

Owners of new office buildings in Bucharest align with the international trend of providing mobility for employees and include bicycle parking and changing rooms with showers. At European level, such facilities are to be included to the energy performance regulations of buildings.

The number of green buildings developed in Romania in 2017 was over 40

More than 40 real estate projects, both new and existing, were certified in Romania in 2017, according to BuildGreen.

The first three transactions in the real estate investment market amount to about 300 million euros in 2018

The first three deals amount to about 300 million euros. Sales focused on retail segments and office space. All three deals were signed in the second quarter of the year, revitalizing the market after rhythm was extremely slow in the first three months without significant investments, according to CBRE's market report.

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Alexandra Filip

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