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Related news

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.

How much is an office in Bucharest, including rent, service charges and utilities in 2016

The difference between the most affordable office buildings and the newest and best situated buildings is more than from simple to double.

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.

TOP OFFICES IN ROMANIA 2015: The first three positions outside Bucharest are held by Iasi, Timisoara and Craiova

In 2015, the volume of office rental transactions outside the Capital rose to a total area of 49,661 sqm, 32% more than in 2014.

Companies rented more offices in the first quarter

Companies rented in the first quarter offices totalizing nearly 85,000 sq. m, with 75 pct in Bucharest, with 15 pct increase compared to the similar period of last year, according to Esop real estate consultancy company.

Esop: More and more companies are renting office villas

In the first quarter of the year the number of transactions with villas rented for offices has increased with approx. 43 pct compared to the similar period from 2014, but the average area rented has decreased with 36 pct., to 265 sq. m.

Office take-up outside Bucharest increases by 60 pct in 2014, says Esop

The local office market outside Bucharest saw a third consecutive year of growth in 2014, according to data from real estate services firm Esop.

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