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Office Market News

Globalworth Square ranked 3rd in the world for a BREEAM green office building

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, obtained BREEAM Outstanding accreditation for Globalworth Square, with 99% scoring, placing the building on the 3rd place worldwide.

Financial, medical, IT&C, and retail, among the most active sectors in the office leasing market

The financial sector, medical service operators, IT&C, and retail companies were the most active tenants in the office leasing market in Bucharest last year, in terms of the average transaction size, according to Cushman & Wakefield Echinox.

Iulius Group develops mixed-use project next to Romexpo in Bucharest

Iulius Group started the procedure of obtaining permits for plot situated in the vicinity of Romexpo.

Egis Pharmaceuticals has relocated its main offices at One Tower building

Egis Pharmaceuticals is among the companies that have relocated their headquarters this year to the A class office building One Tower, part of the multifunctional development One Floreasca City.

Commercial real estate companies estimate revenue growth this year, transactions activity to intensify

Commercial real estate representatives (retail, business centers and offices, logistics spaces) estimate, in a proportion of 80%, a revenue increase this year compared to 2021, and 73% expect transactions activity to intensify over the next 12 months, according to the Deloitte 2022 Commercial Real Estate Outlook global study.

The market for new office rentals has advanced by 20% in 2021, compared to 2020, in Bucharest

Office tenants have signed new contracts for about 19,000 employees, according to a study by Fortim, a member of the BNP Paribas Real Estate Alliance. Thus, in 2021, new office transactions were made, "net take up" (excluding contract renewals) totaling 187,896 square meters, 32% more than last year, despite health restrictions caused by the pandemic.

Real estate investment has exceeded 900 million euros in 2021 and increased by 4% compared to 2020

The real estate investment market has been on an upward trend for the past three years, unaffected by the pandemic. The total volume of investments on the Romanian real estate market was 919.45 million euros in 2021, up 4% from the previous year, according to a study by Fortim T.A., a member of the BNP Paribas Real Estate Alliance.

Property & Facility Management Conference returns with a new edition!

The pandemic has had a major impact on the business environment, including the real estate, property management and maintenance sectors, with specialists having to constantly adapt to new challenges.

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Alexandra Filip

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