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Articles - occupancy

The vacancy rate for newly built modern offices is almost half compared to those of older buildings

The vacancy rate of modern offices, constructed in the last 10 years in Bucharest stood at around 10% mid-2022 compared to almost 18% for the buildings that were delivered up to 2012. This major difference highlights the qualitative improvements of offices delivered in Romania, as older and well-positioned buildings have also managed to age quite well.

One Tower office building, part of One Floreasca City development, has reached a 100% occupancy rate

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and office real estate in Romania, announces that One Tower, the Class A office building part of One Floreasca City multifunctional development, has reached an occupancy rate of 100%.

One Herăstrău Office building has reached 100% occupancy

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and office real estate in Romania, announces that One Herăstrău Office development has reached a total occupancy rate. The office building located in the North of Bucharest, in an exclusive area with lots of green areas, near the French Village, has a total leasable area of 8,116 sqm, offers modern office space and is currently undergoing LEED Gold certification.

The office building Mendeleev Office 5 reaches an occupancy rate of 95%

Mendeleev Office 5 office building, developed by Akcent Development in the center of the Capital and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted a new tenant, the advertising agency Jam Session Agency, reaching an occupancy rate of 95%.

Ion Rădulea brought The Light offices to a 90% occupancy rate after signing with CTP, the largest warehouse owner in Romania

In the last three years, River Development has delivered Class A office buildings with a total rentablearea of 60,000 sqm.

Timpuri Noi Square reaches 90% occupancy rate and is preparing for further development

Timpuri Noi Square, Vastint Romania’s first project, reaches an occupancy rate of 90% within the 3 buildings situated in Bucharest, leasing more than 47.000 m², and welcomes since last year tenants like Bolt (formerly Taxify), Allergan, Exiger and Streamwide, developing a community of more than 3.000 employees.

AFI Tech Park 1 office building reaches an occupancy rate of 80%

AFI Tech Park, the new Business Campus developed by AFI Europe Romania in the center of Bucharest, announces new tenants of AFI Tech Park 1, the first building of the new office complex: New Work and Afcon Electra Romania. With these new transactions, AFI Tech Park 1 achieves an 80% occupancy.

Monthly occupancy cost for office spaces in Bucharest

Companies in Bucharest with offices in modern office buildings have a monthly occupancy cost between 175 and 500 euros per employee, according to an analysis by Cushman & Wakefield Echinox real estate consultancy.

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