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Office Market News

Premiere on the local real estate market: the largest network of office spaces available to real estate agents

Freedom Group, a company founded by the entrepreneur Octavian Bădescu, launches a network of office spaces for real estate agents, in partnership with four major operators in the coworking industry.

The office, retail and industrial deliveries in Romania surpass the 1 million square meter threshold in 2019, pushing the total stock to 12 million square meters

The real estate developers completed in 2019 new industrial, retail and office space deliveries with a total cumulative area of more than 1 million square meters, with the office and industrial sectors being the most active ones, according to a study realized by Cushman & Wakefield Echinox real estate consulting company.

The new wave in FM digitalization

The world of Facilities Management (FM) is now a digital one. Rapid sensor development, integrated monitoring capability, cloud data sharing was the first wave of digitization. The next wave is focused on the use of artificial intelligence in the analysis of shared data, the redesign of processes and the involvement of the extended team (owner-tenant-FM specialist) in making intervention decisions.

Record of the last 5 years: The volume of real estate transactions in Romania exceeded the 1 billion euro threshold in 2019

The volume of real estate investments in Romania in 2019 exceeded the limit of one billion euros, totaling about 1.06 billion euros, up 7% from the level recorded in 2018, data from the research department of the real estate consultancy company CBRE Romania shows.

Metropolitan Crown Towers, a new mixed-use project with an office component , aiming to become a landmark in Bucharest

Metropolitan Residence becomes Metropolitan Developments, in the process of expanding the portfolio with mixed-use projects - residential, commercial and office space and development on premium and luxury market segments.

Bucharest remains the first option for companies entering Romania

The stock of modern office space in Bucharest reached 3.16 million square meters at the end of the third quarter of 2019, in the context of a population of 2.11 million inhabitants and an unemployment rate of 1.3 %, according to the report Romania Office Destinations, realized by the research department of the real estate consulting company CBRE Romania.

Bucharest office rental market 7% up in 2019, new spaces demand 11% up in 2019 compared to 2018

In Bucharest, the transactions for renting office space have totaled an area of 385,800 sqm, which is 7% more than in the previous year, according to a study by ESOP Consulting. The market engine was the segment of the new demand, which reached 308,000 sqm, compared with 277,600 sqm, as it was in 2018. Renegotiations have decreased slightly.

Colliers to provide property management services for Equilibrium, the newest office project developed by Skanska in Bucharest

Colliers International Romania has been assigned to provide property management services for the first building of the Equilibrium office project, developed by Skanska in the Capital, in the autumn of 2019.

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