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Office Market News

Office fit-out costs increased by up to 30% in 2022

The average office fit-out costs increased by around 20-30% in 2022, due to rising prices, supply chain disruptions, higher commodities and materials’ costs, but also as a result of the increased labor costs.

Affidea Romania, the main player in the local market of medical imaging services, opens a new clinic in Sema Parc

River Development announces the lease of a space of over 1,000 square meters to the Affidea medical clinic, on the ground floor of the Berlin office building in Sema Parc. The transaction was brokered by Knight Frank Romania.

Real estate owners in Romania have higher sustainability expectations than those in other countries

Building owners in Romania are much more interested in ESG standards and also have higher expectations when it comes to sustainability than their counterparts in other countries. A survey by CBRE, the global real estate consultancy market leader, of over 500 commercial real estate professionals worldwide shows that the main drivers for companies to move towards ESG are regulations, such as the Paris Agreement and the Goals of UN sustainable development, rising operating costs and increasing control from owners.

The Access Group, a UK software market leader, leases 4,220 sqm offices in Iulius Town Timișoara

The Access Group is present, starting this March, in the business hub of the Iulius Town Timișoara mixed-use complex developed by IULIUS Company.

Timișoara records strongest office leasing activity among regional cities in 2022

Office leasing volumes in Timișoara amounted to 51,400 sqm during 2022, which was more than half of the total deals closed in regional cities. Iași and Cluj-Napoca were next with volumes of 26,700 sqm and 15,200 sqm, respectively, while in Brașov office leasing covered 5,900 sqm.

Atenor appoints Viorel Lăcătuș, former Property Investment Director at CBRE, as Country Manager

Atenor, the sustainable and international urban property developer with European expertise listed on the Euronext market, appoints Viorel Lăcătuș as Country Manager of the company for Romania.

SPEEDWELL strengthens its position on the local market through new acquisitions, developments and product sales

SPEEDWELL, a reference player in the Romanian real estate market, announces the projects carried out in 2022 and the development plan for the new year.

SomProduct opens a new showroom in the ISHO project, developed by Mulberry Development in Timisoara

SomProduct, a Romanian brand with an experience of 15 years in the Home & Deco industry, opens a showroom in the ISHO project Timisoara, developed by Mulberry Development.

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Alexandra Filip

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