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Office stock outside Bucharest could reach 800,000 sqm by 2018, says DTZ Echinox

The modern office stock in the main regional cities throughout Romania went up by approximately 20 percent in 2015 y-o-y, according to a DTZ Echinox report. At the end of 2015, class A & B office space in Cluj Napoca, Timisoara, Iasi and Brasov, the main regional office markets, reached 584,000 sqm.

Over 200,000 people now work in class A or B office buildings in Bucharest, says DTZ

Some 204,000 people were working in modern class A or B office buildings in Bucharest at the end of Q4 2015, according to data from real estate services firm DTZ Echinox. It is for the first time when this number surpasses the 200,000 employees’ threshold, according to the company.

Bucharest office supply to reach record level in 2016, says DTZ Echinox

The Bucharest office supply is expected to reach the highest level registered since 2009 this year, a study by DTZ Echinox shows. With 325,000 sqm of office spaces projected for finish this year, values will be increased fourfold over last year’s deliveries.

DTZ Echinox recruited a former valuer from real estate consultant JLL

Dan Ivanov, former head of the valuation department within JLL was recruited by real estate consultant DTZ Echinox for its valuation department.
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