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Top Regional Markets in Romania, in 2024: Cluj-Napoca Collected 76% of all Office Space Rented Outside Bucharest

In 2024, nationwide, companies leased modern office space outside Bucharest with a total area of 63,024 sqm, including both new office space leases and contract renegotiations, according to an analysis conducted by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance, based on data collected at the real estate agency forum. First place in the top is the university center of Cluj-Napoca.

37% increase in turnover and new business lines for the Fortim group of companies, part of the BNP Paribas Real Estate alliance

The Fortim group of companies, part of the BNP Paribas Real Estate alliance, recorded a significant increase in turnover in 2024, reaching 11 million lei, from consulting services, 37% more than in the previous year. This performance is the result of diversifying the service portfolio and expanding the activity into new business lines.

Maidan moves its operations to a new space, with an event hall in Dageco Expozitiei Estate

Maidan rented a 1,460 sqm space in the Dageco Expozitiei Estate complex, for three functions: the company's offices, an event hall with a capacity of 170 people and the central catering kitchen.

OLX Expands its Office Space in America House by 717 sqm to a total of 1,663 sqm leased area

America House announces the extension of its lease agreement with OLX and an increase in office space of 43%, reaching a total area of 1,663 sqm.

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.
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