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Office Market News

Important aspects in the digitized facilities management in a world transformed by the COVID-19 pandemic

The COVID-19 pandemic acted as a catalyst for change and reiterated the need to pay attention to how facilities are managed. From owned or rented offices, warehouses, retail stores, or production locations, all types of facilities will require increased attention and tailored plans for proper operation in the new context.

The real estate market, opportune in any crisis

The real estate industry is one of the most important in the global economy, covering essential needs such as housing, offices, land or storage space. The real estate market reacts among the first when there are factors that trigger either booms or crises.

Central Europe CFOs reach pessimism peak amid uncertainty caused by the COVID-19 pandemic

Central Europe chief financial officers have reached a pessimism peak as their confidence about the economic outlook and the wider business environment continues to fall amid the uncertainty caused by the COVID-19 pandemic, according to the latest Deloitte CE CFO Survey, conducted on more than 300 leading finance professionals in six countries - the Czech Republic, Estonia, Latvia, Lithuania, Poland and Romania.

Altex sign office contract renewal in Global City Business Park

Altex has signed the renewal of its lease agreement for the premises occupied in Global City Business Park, transaction brokered by Crosspoint Real Estate

The Romanian investment market grew in the first half of the year

The first half of the “pandemic year” closed with a total value of investment transactions worth 408 million euro in Romania, around 18% above the first semester of 2019, with office assets accounting nearly 86% of volumes, according to Colliers International’s market report for the first semester of 2020.

The new demand for offices is declining, the occupancy rate remains constant

New office space delivered in the first half of the year reached nearly 105,000 square meters, in tune with Colliers International’s estimates, but total demand in Bucharest was down by nearly 28%, to a bit over 124,000 square meters, while new demand halved after an exceptional year, to under 45,000 square meters.

New trends: The working day became fragmented

Working hours have shifted to the "THIRD SHIFT": WORK FROM HOME has brought changes, and meetings are becoming more frequent.

Almost 90 pct of obligations to office building owners were paid by tenants

Almost 90% of tenants paid their obligations on time to the office buildings owners in the first half of the year, even though some spaces were not occupied during the state of emergency.

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Adina Camara

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