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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.

Three companies have leased spaces with a total area of 5,000 sqm in the Dageco Estate Expozitiei project, since the beginning of the year

In the first months of 2024, three contracts for office and service spaces were signed in Dageco Expozitiei Estate. According to the new transactions, on the ground floor of the main building, a restaurant with an event hall will be opened, with a total area of 1,459 sqm, the educational unit on the premises will expand by 1,500 sqm, and the car showroom will double its current area.

America House Office Building Welcomes VSR Canada and Ebury as New Tenants

America House, the iconic office building located in Victoriei Square, in the heart of Bucharest CBD, is pleased to announce the addition of two multinational financial services companies, VSR and Ebury, to its tenant mix. These multinational companies, known for their expertise in the financial services sector, have leased a combined 1,500 sqm of Class A office space, further enhancing America House's vibrant business community.

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.

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