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Office Market News

The developers plan 100,000 sqm of new offices on Calea Victoriei area of Bucharest

Calea Victoriei in Bucharest, an artery with a length of 2.8 kilometers located between Victoriei Square and United Nations Square, will continue to develop as an office and hotel hub in the coming years, with developers' plans to build seven new office buildings and six hotels as a result of investments that may exceed the threshold of 300 million euros, according to a study conducted by Cushman & Wakefield Echinox.

Commercial real estate transactions in Romania, 21% up in the first half of the year

The volume of commercial real estate transactions in Romania increased by 21% in the first half of the year, compared to the same period in 2019, and Bucharest accounted for almost 90% of the total, with an estimated value of 410 million euros, a JLL study reveals.

Transactions on the office market, the historical minimum in the last 5 years

The pandemic severely affected the office market, so office transactions slowed in the second quarter of this year.

Demand for office space fell by 45% in the first half

The office space market in Bucharest was strongly affected by the coronavirus pandemic in the first half of 2020, the demand in the sector registering a decrease of 45% compared to the same period in 2019, according to an analysis made by the real estate consulting company Avison Young.

Bosch inaugurates the new office building of the Engineering Center in Cluj-Napoca

Bosch, a global leader in the provision of technologies and services, recently inaugurated the new office building of the Bosch Engineering Center in Cluj, located within the DaVinci Plaza campus.

The future of global office demand – four key factors

Increased working from home doesn’t equate to less demand. A new JLL research identifies four key factors that will play a major role in shaping future office spaces.

Globalworth has leased over 25,000 square meters of offices in Romania during the pandemic

The Globalworth's portfolio in Romania has been consolidated by the prolongation and/or the extending of the lease contracts for a period of 3 - 11 years with key partners such as Adecco, Cegedim, Clinicile și Laboratoarele Sfânta Maria, Mazars, and one of the most important banks in the system that has rented the Globalworth building on the Exhibition Boulevard.

CIT One rented 1,000 sqm in the Paris building within Sema Parc

River Development, the developer of the mixed-use project Sema Parc, announces the signing of a new lease with CIT ONE for an office space of approximately 1,000 square meters, within the Paris office building.

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