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Articles - office rentals

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.

Three new transactions in Calea Floreasca/ Barbu Vacarescu area

The retailer Domo Srl, specialized in electronics, household appliances and IT&C, took over a space of approx. 1,400 sq. m in the office building Art Business Center 5, on 71-73 N. Caramfil Blvd., situated in the area Calea Floreasca/Barbu Vacarescu. Following this transaction, the occupancy rate of the building reached over 95 pct.

Marius Şcuta, JLL: Real estate market continues its ascending trend

The area Aurel Vlaicu-Barbu Văcărescu will continue to develop in the following period, as six-seven office buildings will be developed in the area, but big chances are that the central-western Bucharest also get the attention of the investors, from Basarab bridge to AFI Cotroceni, considers Marius Şcuta, head of office department and tenant represen­tation of John Lang LaSalle (JLL) .

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

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.

Regus to open new 1,400 sqm centre in Prague

Regus will open its new centre at the end of July in Palac I.P. Pavlova in Prague’s Vinohrady district.

Qualitance expands office spaces by 600 sqm

Qualitance has expanded its office spaces from 550 square meters to 1,150 square meters, announces DTZ Echinox.

Small cities present expansion options for office space market

Bucharest is leader on the office space market, followed closely by the main University centres (Cluj-Napoca, Timisoara, Iasi). Still, there’s unexplored territory in secondary university centres like Brasov, Craiova, Sibiu, Galati, says an ESOP study.

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