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More than Half of the Office Transactions in Romania Signed by IT&C, BPO and Outsourcing Companies

More than half of the total office spaces rented last year (52 pct.) were transacted by companies in the fields of IT&C, outsourcing and BPO, which are hiring massively in this period, according to ESOP Consulting l CORFAC International.

2016, year of growth on the office market: three times more office buildings deliveries in Bucharest , transactions 20pct up

2016 was a good year for the office rentals market. Following five years with office deliveries at lower level of maximum 125,000 sqm, registering in 2015 a minimum low of the last ten years – 85,000 sqm, 2016 registered three times increase of the new spaces offer, with 280,000 sqm.

Average companies rented with 14 pct more offices compared to last year

In H1 2016, the segment of office transaction with areas up to 1,000 sq. m was relatively constant, while the segment of offices for average companies, with areas between 1,000 and 3,000 sqm has increased with 14 pct.

Investments in renovation of historical buildings in Bucharest exceeded EUR 100 million in the last three years

Between 2015 and 2016 the number of investors have increased, investors interested in buying old historical buildings situated in central areas, which are renovating them to international standards and put them into the commercial circuit. In the last three years, foreign as well as Romanian investors bought old properties in central Bucharest and renovated them with budgets of more than EUR 100 million.