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Related news

The number of sold properties increased in H1 2023, but the average price per asset decreased by more than 50%

The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Office rents in Bucharest increased by up to 16% in the last 12 months

Office rents in Bucharest increased by up to 15.8% in the last 12 months (June 2023 vs. June 2022), with the prime headline rent in the CBD area (Piata Victoriei – Aviatorilor)reaching €22.00/ sq. m/ month, an increase which also translated to other submarkets, according to data from Cushman & Wakefield Echinox.

The level of costs and the access to talents are the top drivers for companies when leasing office spaces

Occupiers consistently identify the level of costs and the access to talents as the top drivers of corporate real estate (CRE) strategies, with particular importance also given to ESG standards, according to the “What Occupiers Want” study conducted by the Cushman & Wakefield real estate consultancy company based on a global survey.

Cushman & Wakefield Echinox diversifies its range of services offered to office segment

The Cushman & Wakefield Echinox real estate consultancy company diversifies its range of services offered to office building landlords through the Asset Services department and launches a new business line that aims to create and implement programs and events, as well as to identify tools to support tenants in their efforts and strategies to attract and retain talents in offices.

Promotions at Cushman & Wakefield Echinox: Bogdan Marcu becomes Partner Capital Markets and Dana Radoveneanu Head of Retail Agency

The Cushman & Wakefield Echinox real estate consultancy company announces new management promotions, by appointing Bogdan Marcu as Partner Capital Markets and Dana Radoveneanu as Head of Retail Agency.

Cushman & Wakefield Echinox: The total value of the appraised assets increased by 40% in 2021 due to adding larger projects in the portfolio

The valuation department of the Cushman & Wakefield Echinox real estate consultancy company appraised over 380 properties with a total value of 5.5 billion euros in 2021. The valuation department’s portfolio increased by 10% in terms of the number of properties, while the total value of the appraised assets increased by 40%, due to adding larger projects in their portfolio.

The Center-West sub-market is set to become the main office hub in Bucharest, overtaking Floreasca-Barbu Văcărescu after 8 years

The office stock in the Center-West area of Bucharest, near Politehnica University, will surpass the existing stock from Floreasca-Barbu Văcarescu (which has been the main office hub in Bucharest for eight years) in 2022, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

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.

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