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Take-up on the office and industrial market in Romania will remain on a positive trend this year

Take-up on the office and industrial market in Romania will remain on a positive trend this year

On the office market, Bucharest has a net take-up potential (including new contracts and expansions) much higher than in 2015, with companies in the fields of IT, BPO/SSC and professional services being on top of the total expected take-up.

Occupancy of Flash Office centers exceeds 94%, with only four free offices, with a total capacity of ten employees

Occupancy of Flash Office centers exceeds 94%, with only four free offices, with a total capacity of ten employees

Flash Instant Offices Office centers have reached almost maximum occupancy this last quarter of 2015! From early October the Hub is already full, being occupied all offices in the area of co-working, and of the 33 individual offices are free four, two with a maximum capacity of two employees and two with a capacity of up to three places.

Bucharest stays the cheapest European destination for office rental by 2017

Bucharest stays the cheapest European destination for office rental by 2017

The rennet for a square metre of offices in Bucharest is an average of EUR 19 per month, 4.5 times smaller than in London’s city, the financial heart of the town and more than two times smaller than in Dublin, the city where the American giant Google settled its European quarters.

Bucharest offices flocked in north and centre of the city. South and east, the less attractive areas for developers

Bucharest offices flocked in north and centre of the city. South and east, the less attractive areas for developers

The north and centre Bucharest gather approx. 2 million sq. m of offices, namely over 85 pct. of the total stock in Bucharest, according to ZF calculations based on the data from the real estate consultant CBRE.

IT companies lead office space market in Q2 2015

IT companies lead office space market in Q2 2015

Q2 2015 office space market was dominated by transactions performed by tenants from the IT&C sector, covering 72 percent of total leasing activity (TLA), followed by the professional sector with 11 percent, according to the latest data by CBRE.

Bucharest’s modern office space goes up, demand is also higher

Bucharest’s modern office space goes up, demand is also higher

The stock of modern office space in Bucharest increased by 2.5% in the first half of the year, to 2.21 million sqm, following the delivery of the City Offices, Auchan Tricodava and Green Court (building B) office buildings.

Bucharest has the smallest office stock in the region, but the best occupancy rate

Bucharest has the smallest office stock in the region, but the best occupancy rate

Bucharest has the smallest office stock compared to the large capitals in Central and Eastern Europe, of only 2.2 million sq m, half of Warsaw, according to a study made by the real estate consultant DTZ.

300,000 sq. m offices vacant in Bucharest

300,000 sq. m offices vacant in Bucharest

Office vacancy rate in Bucharest drop last year, towards the level of 13-14 pct, but approx. 300,000 sq. m offices are still vacant, according to a ZF study.

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