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Articles - cereri de birouri

92,000 sq. m offices delivered in Bucharest in 1Q, but half of them are vacant

In the first half of this year offices were completed in Bucharest with a rentable area of 92,000 sq. m, but approx. half of these spaces don’t have yet tenants, according to a ZF analyze of the market data.

Liviu Tudor: The companies in West Gate have expanded on 15,000 sq. m in two years

The companies with offices leased in West Gate office complex in Western Bucharest have expanded the leased areas in the last two years with 15,000 sq. m and there are still intentions in this respect, has declared Liviu Tudor, the owner of the project, mentioning that he will start a new project if he has at least 80 pct. pre-leases.

London Remains World’s Most Expensive Office Market

London’s West End remained the world’s highest-priced office market, but Asia continued to dominate the world’s most expensive office locations, accounting for three of the top five markets, according to CBRE Global Research and Consulting’s semi-annual Global Prime Office Occupancy Costs survey.

Danger on the office market - Office developers’ cannibalization

The office developers started to cannibalize, those building new projects being ready to take over the penalties due by the tenants exiting leases before term from existing buildings, only to get them into their projects.

Main office deliveries in Cluj in 2014

Following the request growth, the office spaces offer in large cities outside Bucharest is improving in 2014, with Cluj being the city on the first position.

The office market was the least affected by the crises

The office market was the least hit by the crises in the entire real estate sector in Romania, registering last year record level considering the transactions (approx. 300,000 sq. m, with 22 pct growth compared to 2012) and the new deliveries (120,000 sq. m, with 2.5 times growth).

Bucharest offices – best quarter in the last 21 months

The office request (except for renegotiations and extensions) reached 48,500 q. m in the first 3 months of the year, with more than 55% prelease transactions.

Office market 1st quarter: the demand is up by 13% in Bucharest and 50% in the rest of the country

The office area transacted in the first quarter of this year has increased both in Bucharest and in smaller cities in the country, such as Timisoara and Cluj-Napoca, mainly due to the development of the IT&C companies, which continue to recruit thousands of employees and to occupy new floors in business centres.

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