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Office Market News

Romanians want modern work and urban living spaces for a better work-life balance, with less time spent in traffic and more with the family

Modern concepts that combine work with urban life and provide easy access to co-working, co-living, socialising and wellbeing spaces would bring more balance between the professional and personal life for almost 26% of respondents, less time spent in traffic (21%) and more with friends and family (12.6%), according to a survey run by Genesis Property in October, on 1,031 employees from all over the country.

In 2022, Companies Rented New Offices for 27,000 Employees in Bucharest

In total, in Bucharest, 332,922 sqm were traded, new office space rentals and renegotiations. The demand for new office space increased by 13% in 2022 compared to 2021, according to the analysis by Fortim Trusted Advisors, a member of the Paribas Real Estate BNP Alliance.

Bluehouse Capital sells Olympia Tower offices to Yellow Tree

Bluehouse Capital has sold Olympia Tower office building in Bucharest to Yellow Tree. Situated in the proximity of Unirii Square, the 2009 built class A office building comprises 10,000 sq m of GLA and is currently 93% occupied. The value of the transaction was not published.

ESRI, the new Globalworth tenant in Romania

Globalworth, the leading office investor in Central and Eastern Europe, announces a new leasing deal signed for 5 and a half years. ESRI Romania, a global market leader in geographic information system (GIS) software, location intelligence, and mapping, leased an office space of 540 sqm GLA in Globalworth Campus A.

More than 150 buildings received BREEAM and LEED certifications in 2022

In the past 12 months, there were 154 buildings in Romania that received green certifications under the BREEAM or LEED standards, accounting for one-third of all buildings that were certified in the past 14 years, according to data from green building consultancy ADP.

Citi Romania relocates its headquarters to Tiriac Tower in Bucharest

Citi Romania announced the inauguration of its new headquarter offices in Bucharest, located in the Tiriac Tower on Buzesti Street.

Commercial real estate market, relatively stable in most CEE countries

The year 2022 ended with a record level of investment in commercial real estate, with Romania recording a volume of over €1.2 billion, the highest since 2007.

America House becomes the first Outstanding BREEAM In-Use office building in Bucharest

America House, the Iconic Class A office building, located in the heart of Bucharest CBD, is the first – Class A office building in Bucharest to obtain an OUTSTANDING rating according to BREEAM In-Use certification methodology, after a major investment of 10 million euros.

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Alexandra Filip

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