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Insignis opens a designer furniture showroom on the ground floor of an office building in the Bucharest Business Park complex

Four companies that sell furniture have rented sales spaces on the ground floor of office buildings in the northern area of Bucharest, the total area exceeding 10,000 sqm. The last one opened is the new Insignis concept store, with an area of 673 sqm, which will exhibit and sell pieces of furniture from top brands in Europe. The lease transaction was assisted by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

Record of modern office spaces rented in Cluj

In the first nine months of 2024, the transacted office space in Cluj-Napoca increased by 153% compared to the entire rented space in 2023. By the end of the year, it is estimated that the total volume of rentals will be three times higher compared to the previous year, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

What matters most when renting office space in 2024, in Romania and the European Union

In a survey by Fortim Trusted Advisors in Romania, 75% of respondents said the most important factors for tenants choosing office space were shops/services, restaurants/cafes and public transport.

Top countries for real estate investment in Romania in 2024

The number of commercial properties acquired by Romanian investors is by far the highest in the top ten. 12 properties were acquired between the beginning of the year and the end of August 2024, with prices ranging from EUR 1.4 million to EUR 44.7 million. The Iride office complex in the Pipera district of Bucharest is the most significant acquisition this year by a Romanian investor, Alin Niculae, shows the latest FORTIM Study.

Modern office rental in the top regional centers: Bucharest, Cluj-Napoca and Timisoara in the top three places

In Romania, a total of 205,853 sq m of modern office space was leased in the first half of 2024. This is 0.2% more than in the same period last year. Bucharest tops the list of university centers chosen by companies for new headquarters and contract renewals, followed by Cluj-Napoca and Timisoara.

TMF Group Relocates to America House in Bucharest’s Central Business District

TMF Group, a leading provider of compliance and administrative services, has signed a lease agreement for 1,700 square meters of office space at America House, the vibrant office building in Bucharest's central business district (CBD).

What kind of properties investors bought in Romania in the first quarter of 2024

Real estate investments in the first quarter of 2024 reached €205.75 million, up 33% from the same period last year, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. The top real estate segments attracting the most investments are retail, hotels second and industrial third.

Top regional centers for renting modern offices: Cluj leads in new demand, Timisoara in contract extensions and Iasi in the lowest vacancy rate

Outside Bucharest, companies leased less than a fifth of the total traded area in Bucharest, according to a study conducted by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. In total, the companies leased new modern spaces, at regional level, with a total area of 37,441 sqm, which represents 18% of the volume registered in Bucharest, at the level of 2023.

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