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Articles

River Plaza – increasingly attractive for tenants, due to its flexible and customized office spaces, a plus in the rental process

The River Plaza building, a class A office building, located in the Timpuri Noi Hub, has a unique design, easily noticeable in the urban atmosphere on the banks of the Dambovita river.

Modern office stock in major regional cities exceeds 1 millon sqm

Developers finalized the construction of 83,000 sq. m of new office projects in the major regional cities (Cluj – Napoca, Timisoara, Iasi and Brasov) in 2023, as the modern office stock exceeded the 1 million sq. m threshold, representing around 30% of the corresponding total in Bucharest. Iasi is the only city which benefited from the delivery of office projects throughout 2023, as it overtook Timisoara and thus became the second – largest regional hub outside Bucharest, after Cluj-Napoca, according to the Cushman & Wakefield Echinox Office Market Regional Cities report.

Awin Global Companyto reach 800 sqm office space in the mixed-use Palas Iași complex

Awin Global, a company specialized in providing a global technology marketing platform, is expanding its office in the mixed-use Palas Iași complex and is recruiting for several positions. Awin has been present in Iași since 2023, located in the United Business Center 3 (UBC 3) office building, part of Palas.

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.

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