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Articles - office request

New property tax system expected to raise office demand by 25 pct

The new tax system for homes used as firms, whether they are apartments or villas, applicable starting next year, could result in an increase of approximately 25 percent in the demand for spaces in office buildings, according to a study real estate company Regatta.

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.

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.

Romanian real estate market overview: increase in investors’ interest

The real estate market re-entered on an ascending trend, more and more investors being interested in Romania. For the second half of the year, the consultants expect transactions exceeding EUR 800 million, as well as the return of the inactive investors on the market.

Office rentals up 5.57 pct. in Bucharest and up to 61 pct outside Capital city

The office space traded last year in Bucharest and major cities in Romania totalled around 346,000 sqm, up 9.9% year-on-year.

The Advisers/Knight Frank: Office stock to increase with approx. 100,000 sq. m in 2015. We expect a number of pre-rentals

The number of office projects scheduled for delivery in 2015 is relatively limited and for the large tenats in the market wishing to relocate the options will also be limited, so we can expect that the request’s evolution to lead to a number of pre-renting transactions according to The Advisers/Knight Frank.

Telekom, Vodafone and Orange rented the largest office areas in 2014

The telecom companies made the largest office transactions last year, the three big players in the market - Telekom, Vodafone and Orange – having consolidated their activities in new buildings by pre-renting, followed by important contracts signed by the IT companies.

Oana Iliescu, DTZ Echinox: Slight Improvement registered by the real estate market this year

The real estate consultancy services market stays for the fifth year at a low level compared to other consultancy fields but also compared to the level registered by this market before 2009, the total volume of the real estate consultancy market being currently under the level registered individually by some players before 2009, said Oana Iliescu, managing director DTZ Echinox.

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