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Offices: 41% of total take-up was recorded in the Dimitrie Pompeiu area in Q1 2024 in Bucharest

The office market remains fluid and flexible. Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries. After the first 3 months of this year, the office sector in Bucharest shows a positive fluctuation in terms of total leasing activity, being 71% higher than the same period last year.

Romanian SMEs want to save 2-3 times more on furniture in 2024 and turn to second-hand furniture

Companies in Romania focus more and more on the purchase of second-hand office furniture, through which they can save at least 2-3 times more compared to new furniture, against the background of general price increases, according to Princemob Buro internal data. Thus, both SMEs and individuals are increasingly turning to second-hand furniture, with demand increasing by 14% compared to previous years.

CEDER brings together the biggest real estate players

CIJ EUROPE, the organizer of the annual CEDER conference – one of the largest real estate conferences in Romania – brings together top professionals from the real estate industry at this year's exhibition and conference.

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.

ESG, a significant role in the decision-making process of real estate investors, banks, and tenants

Environmental, social, and governance (ESG) principles are no longer just a trend or a buzzword, but rather becoming the norm in the Romanian real estate market.

Cushman & Wakefield Echinox now manages CPI Romania’s Expo Business Park office project in Bucharest

The Cushman & Wakefield Echinox real estate consulting company has been appointed to manage the Expo Business Park office project, one of the most representative projects in the Expozitiei area of Bucharest, starting from January 2024.

One United Properties targets turnover of EUR 349.9 million and gross profit of EUR 123.5 million in 2024

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate in Romania, proposes to the shareholders consolidated turnover target for 2024 of EUR 349.9 million, a 14% increase compared to the 2023 result and a result from operating activity of EUR 137.5 million, a 21% increase driven by higher sales of residential property.

HP extends lease in YUNITY Park for another 5 years

Genesis Property, one of Romania’s leading office building owners, and HP Inc. Romania have signed a 5-year lease extension for 7,000 square meters of office space in YUNITY Park, the most innovative office campus in Romania.

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