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Articles - Office leasing

Office preleases up to 30% of the market in first quarter

The office prelease transaction volume in Bucharest has spectacularly increased in the first quarter compared to the similar period of 2013, representing over 30% of the rented area in the analyzed period, an evolution which shows a recovery of the interest in the local market, Mediafax writes.

Office developers active across CEE

Developers have been very active in the Warsaw and Prague office markets in recent years. However, these leading CEE markets are victims of their own success as concerns over vacancy rates are causing developers to re-consider the Budapest and Bucharest office markets.

Gothaer Asigurari Reasigurari: new Tenant of Brasov Business Park

Gothaer Asigurari Reasigurari will rent starting April 1st 2014 two offices at Brasov Business Park: one office at Ground floor adding value to existent business related services and one at Mezzanine. Gothaer Asigurari Reasigurari products will be available starting April 1st 2014 at the new office opened in Brasov Business Park.

Vodafone and Huawei to occupy almost 40% of Bucharest One office tower

The investment fund Globalworth, controlled by the businessman Ioannis Papalekas, announced the rental of 37.5% of the office tower to be built on Barbu Vacarescu St. in Bucharest, a space of 16,000 sq. m being signed for 10 years by Vodafone, while Huawei rented 2,500 sq. m for 5 years.

Bucharest New Office Stock estimated at 120,000 sq. m in 2014

The new office stock in Bucharest is estimated at 120,000 sq. m in 2014, a similar level to last year, a recent report of The Advisers/Knight Frank shows.

Esop: A and B Class Office Rents in Western Bucharest Closer to Downtown Rents

The differentiated office spaces volume, more consistent in the Central-Northern Bucharest and more limited in Centre-Western Bucharest, has generated in the beginning of this year a significant proximity of the rents in the two zones, which became comparable, according to Esop Consulting.

Esop: 76% of small and medium companies are looking for offices under EUR 11/sq. m

76% of small and medium companies are looking for offices under EUR 11/sq. m, while 20% have budgets of EUR 11.1-15/sq. m and only 4% have budgets exceeding EUR 15/sq. m /month, shows data in 2013 of Esop Consulting.

Orange negotiates the relocation of 1,000 employees in Green Court

The telecom operator Orange, with local business of nearly one billion Euros and approx. 3,000 employees, could have reached an agreement for renting a space of up to 13,000 sq. m in Green Court office project developed in northern Bucharest by Swedish group Skanska.

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