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Articles - office request

The office market neared the 3 million square meters milestone

2020 was one the poorest in the last decade for the Bucharest office market in terms of demand, reflecting uncertainties generated by the effects of the Covid-19 pandemic on the tenants’ plans.

The demand in Bucharest office market will increase by 20-30% this year

The demand for office spaces in Bucharest will increase by 20-30% this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants.

5 trends in the office market in Bucharest in 2019

The ideal office in 2019, searched by most companies, is in a vibrant, well-connected by subway location in an iconic, with state-of-the-art technology building, certified with WELL, LEED or BREEAM, and with flexible, informal, networking spaces.

Amazon is looking for 10,000 sqm of offices in Bucharest

Amazon, the largest online retailer in the world, wants to lease 10,000 sq m of offices in Bucharest, an area needed to recruit at least 1,000 employees, according to sources close to the company quoted by ‘Ziarul Financiar’.

A new wave of office requests up to 2,000 sq.m in Bucharest

The expansion of the small and medium companies in the IT&C field, together with the strong growth of the available offices in Orhideea will attract new request from SMEs, which are giving up to villa offices and choose specialized buildings.

Battle for Bucharest’s headquarters of the EU Funds Ministry between two office owners

Greek businessman Ioannis Papalekas, which is currently hosting the headquarters of the EU Funds Ministry in Romania and the real estate developer Ion Rădulea, who controls Sema Parc, developed on the former platform of Semănătoarea factory on Splaiul Independenței in Bucharest are the only office owners which proposed to the ministry a space for rent.

CBRE: Office request in Bucharest exceeded 100,000 sq. m in 1Q

Transactions in the first three months of this year have reached more than 100,000 sq. m office spaces, considering that by the end of the year the new projects will add to the market a total area of more than 400,000 sq. m.

Office request doubled in 1Q in Bucharest and large Romanian cities

Companies have transacted an office area almost double in the first quarter in Bucharest and main cities in Romania compared to the first months in 2015, with Iași signing the largest rent transaction in the above mentioned period, according to a study conducted by JLL. The BPO, IT&C and professional services companies continue to be the request main engine.

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