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Articles - office rentals

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.

Clients of the villa offices have budgets up to EUR 10/month

The clients relocating their offices in villas in the first three months of 2014 have mainly chosen central areas - 13 Septembrie, Ştefan cel Mare, Foişorul de Foc, with average budgets up to EUR 10/sq. m/month, according to the market analyze of ESOP Consulting l CORFAC International.

How to keep your tenants. Top 5 measures for building owners

The tenant has changed a lot compared to the period before the crises. If tenants were once only interested in the location of the space, the rent costs and the owner flexibility to participate in the movement process, the owners are facing more and more a sophisticated tenant, interested at the same time in other very important aspects, with impact on current costs and in its image on the market.

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.

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.

60 pct of office space to be delivered this year still doesn’t have tenants

Real estate developers face the grim reality that 60 percent of the office buildings that they will deliver this year don’t have any tenants. Depending on the project, the level of free space ranges from 0 percent to 100 percent according to data centralized by Mediafax.

Bucharest, down three positions in the top of the world’s most expensive office markets

Bucharest went down three positions, to 45th, in the top of the world’s 67 most expensive office markets, although the level of rents in central zone has slightly increased in 20013, according to a study of the real estate consultant Cushman&Wakefield.

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