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Office Market News

Skanska developed a special ESG+ office package for its tenants

Today, an ESG-compliant office is not only a necessity due to market changes and EU requirements but also an added value for employees. For this reason, Skanska has developed an offer to tenants consisting of services to support them in creating sustainable workplaces and non-financial reporting.

Management and maintenance costs for office buildings in Colliers’ portfolio increased by 9% in 2023

The management and maintenance costs of the office buildings in Colliers Romania’s Asset Services portfolio increased by 9% last year compared to 2022. Higher costs for services in general, including higher salaries, and an improved presence of employees in the office in 2023 were the factors driving this trend.

The sublease spaces in Bucharest reached 65,000 sqm

The availability of office spaces offered for sublease has reached the highest level in the history of the real estate market in Bucharest in the last 3 years, according to a report by the real estate services company iO Partners.

Vastint Romania initiates the second phase of its real estate project Timpuri Noi Square

Vastint Romania announces the commencement of the second phase of its real estate project, Timpuri Noi Square, a significant urban regeneration project for the Timpuri Noi area, thus marking a important moment in the real estate industry in Bucharest.

Hybrid work solutions leader IWG to expand with 1,000 new locations in 2024

IWG, the world’s largest provider of hybrid work solutions, aims to open 1,000 new locations globally amid significant growth in demand from companies and employees seeking hybrid work spaces.

Lemon Office Design has signed the design of an innovative office space for BAT Digital Business Solutions at One Cotroceni Park

Lemon Office Design, the interior design division for office spaces of Lemon Interior Design company, announces the successful completion of the layout project for BAT Digital Business Solutions. This dynamically and inspiringly arranged workspace is located at One Cotroceni Park, one of the most modern real estate developments in Bucharest, boasting LEED Platinum v4 certification, attesting to sustainable operation and minimal environmental impact, as well as WELL Health and Safety certification, which assesses health and well-being in the workplace.

Real estate investment market slowed down its activity in 2023, decreasing by more than half

The Romanian investment market recorded transactions of around 476 million euros last year, down by more than half over 2022’s cycle high of 1.25 billion euros, according to the 2023 Annual Report released by Colliers.

Cascade Group launches division for investment in Romania

Cascade Group, a foreign-capital family office which has been operating in Romania for over two decades, said it is launching a new investment division which will offer 40 million euro ($43.4 million) in financing to local entrepreneurs as well as small and midsize investors operating in real estate and other industries in the next five years.

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