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Articles - office request

Good signs for the office market in 2014

2014 starts optimistically in real estate, the dynamism is growing on the office market, says Ilinca Paun, the head of Colliers, a real estate consultancy company with 4.5 million dollars turnover registered last year.

Scuta, JLL: Several companies decided to expand in Romania. Our expectations have been exceeded

The office market registered a visible growth in 2013 compared to 2012, which went parallel to the economic growth.

Largest Office Areas Rented this Year

The total area estimated for office lease transactions in 2013 is 250,000 sq. m, with 10% increase compared to last year’s volume, according to a recent market research of RICS Romania. UpGround and AFI Park attracted the largest office lease transactions by far. Wall-Street.ro made a top of the transactions this year, including new leases and expansions.

Bucharest Office Vacancy Rate Grows in 2014 and Drops in 2015

The office vacancy rate in Bucharest will increase next year with 1.2 pct. to 14.7%, and will decrease to 14% in 2015, the office stock registering 20% growth between 2013 and 2015, a research of Cushman&Wakefield (C&W) showed.

Tenants are looking for offices with prices between EUR 10 and EUR 12/sq. m/month

The tenants are currently looking at office spaces with prices between EUR 15-EUR17/sq. m/ month, but they are closing the deals for EUR 10-12/sq. m / month, a research of the company Romtor Real Estate shows.

Top 3 Cities in the Country with Strong Potential for the Office Market Development

Most of the available office spaces are in Bucharest, but large cities in the countryside have a big development potential, according to CBRE research on labour market and office spaces in Romania.

London, Hong Kong and Beijing – Most Expensive Offices in the World

London, Hong Kong and Beijing have the most expensive office spaces in the world with strong demand from niche financial and technology sectors driving up rental costs to record highs, a new analysis shows.

Macoveiu, Global Finance: The Office Request is Low

Sorin Macoveiu, commercial manager Global Finance, has declared that he wouldn’t start the development of an office project in Bucharest nowadays, adding that the request will stay low without a solid economy, which favours the companies development, and the relocations would dominate the office market.

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