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In 2020, over 240,000 sq m of office space were traded

The office space market in Bucharest registered in 2020 a total volume of transactions of approximately 240,000 sq m, a level similar to that of 2015, CBRE data show. The local developer One United was, together with the investment funds Immofinanz and Globalworth, among the most active players in the office market, both in the relocation segment and in the segment of existing contract extensions.

What trends will mark the energy sector in 2021?

Energy efficiency is important for companies in many fields of activity: industrial production, distribution and logistics, construction, and real estate, etc. The performance of energy efficiency depends on the quality of the equipment used, but also on the ability to maintain them in good working order, and here digital technologies and sensors are helpful.

Investment volumes down at €588.5million in 2020, but Romania remains on the radar of investors

Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million*, half versus 2019 but similar with 2015, a starting growth year, according to CBRE Romania Real Estate Market Outlook. For 2021, Romania remains on the radar of investors and the combination of limited supply and better than envisaged demand may trigger surprising movements in pricing.

Cushman & Wakefield Echinox takes over the management of Floreasca Park office project in Bucharest

The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage Floreasca Park office project located in the Floreasca – Barbu Văcărescu area in the north of Bucharest, the largest business hub in the Capital.

Why every building should have a digital layer

When I co-founded Spaceflow four years ago, PropTech (Property Technology) was just starting to get attention. Since then, the market has evolved massively. Back in 2016, we were lucky enough to be one of the first platforms for digitizing life in buildings.

Top 10 predictions for the real estate market in Romania in 2021

2021 is expected to be a year of recovery, but the pandemic will still have a great influence.

Almost 300,000 square meters of offices rented in 2020 in Romania

The office market in Romania had a 36% decrease last year from the record level of 470,000 square meters recorded in 2019 to 300,000 square meters (areas include transactions made through agents and those concluded directly between landlord and tenants).

The Romanian investment market shows incredible resilience in face of the pandemic in 2020

In 2020, the total volume invested in real estate assets in Romania reached €914 million, a 28% increase compared 2019, illustrating the overall resiliency of the Romanian investment market during the Covid-19 pandemic, according to the Romania Investment Marketbeat launched by Cushman & Wakefield Echinox real estate consultancy firm.

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