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Articles - office rentals

Everseen rented 1,250 square meters of offices in the building of UBC 1 in Iulius Town Timisoara

Everseen, a company specialized in artificial intelligence, rented 1,250 square meters in the office building of Class A United Business Center 1 (UBC 1) in Iulius Town Timisoara for its headquarters in Romania.

Companies leased about 290,000 sqm of office space in Bucharest in the first three quarters of 2019

The real estate market continued to show a positive evolution, and in the third quarter of 2019, the positive trend applied to all three leasing sectors, according to CBRE Research data. In the first nine months of the year, approximately 290,000 sqm were leased on the office segment, the main source of the demand being the IT&C companies and the financial industry.

Office deliveries in Bucharest could break the 300,000 sqm threshold in 2019

In the third quarter of 2019, 66,000 sqm of new modern office buildings came online in the Bucharest office market and there are big chances to break the 300,000 sqm threshold, according to real estate consultancy company Colliers International. The higher vacancy and infrastructure discrepancies will likely support a more thorough segmentation of the market, with the gap between well-located buildings and those at the opposite spectrum likely to increase over the medium term.

Sanamed to relocate within Business Garden Bucharest office complex, developed by Vastint

Sanamed will relocate its activity starting 2020 in a 3,900 sqm space situated in the Business Garden Bucharest, the office project developed by Vastint Romania.

The Romanian office space market grew by 24% in the first three quarters of 2019

In the first nine months of 2019, the volume of office space rental stands at 339,100 sqm, 65,430 sqm more than last year in the same period, according to an ESOP monitoring of centralized data by the main market brokers. The largest transactions were registered in Bucharest, Cluj-Napoca and Timișoara.

Ubisoft Bucharest announces its relocation to new office building within J8 Office Park project

Ubisoft Bucharest announces its relocation plan in 2021 to a new office building within the J8 Office Park project located in the Jiu area and developed by the Portland Trust.

Veeam Software to lease 2,300 sqm offices in Business Garden Bucharest

Veeam Software has leased approximately 2,300 sqm, with possibility of extension, in Business Garden Bucharest, building owned by Vastint Romania in Orhideea area, as part of their growth strategy.

Commons opens a new coworking space in Baneasa

Commons will open in October its third coworking space in Bucharest. The new Commons space is located in the Victoria Business Park building owned by IMMOFINANZ, located in Baneasa area. This is the company’s third coworking space opened in Bucharest, thus strengthening the company's position on the city’s office space market.

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