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Articles - office stock

Largest 50 business centres in Bucharest worth EUR 3 billion

The largest 50 business centres in Bucharest, with a total area of 1.5 million sq. m, representing approx. 70 pct. of the office stock of the capital, could be evaluated at nearly EUR 3 billion, considering a price of EUR 2,000/rentable square metre, according to a ZF study.

Andreea Păun, Colliers: Office request is double compared to the level of deliveries

The office stock in Bucharest will increase this year, same as in 2014, with approx. 100,000 sq. m, while the request level is double, has declared to ZF Live Andreea Păun, associate director in the office department of the real estate consultant Colliers.

Cushman & Wakefield: Bucharest overtakes Prague, Warsaw and Moscow in growth of office space inventory

Bucharest is second in Europe, behind Istanbul, when it comes to the growth rate of the office space inventory in the 2014-2016 period when the delivery of over 420,000 square meters, or 20 per cent of existing inventory, is scheduled, a Cushman & Wakefield report shows.

Esop: 70 pct of the office villas in Bucharest are refurbished historical buildings

Esop Consulting’s office rent transactions in villas reached a total volume of 5,246 sq. m, wit 3,707 sq. m being spaces in historical buildings.

Colliers: New entries on the market will stimulate the office request in the next year

The first half of the year registered a revival of the tenants’ interest for new office spaces, and the new entries on the market are bringing even more optimism on this real estate segment, according to a study of Colliers International Romania.

Office markets in CEE continue to be supply-led through new development

A number of markets experienced a rise in the vacancy rate of the back of a large volume of new supply through the end of 2013 into the first half of 2014 including St. Petersburg, Moscow, Warsaw and Prague. The regional vacancy rate increased to 13.6 percent in 2014 H1, up from 11.8 percent in H1 2013 according to recent research released by Colliers International

London Remains World’s Most Expensive Office Market

London’s West End remained the world’s highest-priced office market, but Asia continued to dominate the world’s most expensive office locations, accounting for three of the top five markets, according to CBRE Global Research and Consulting’s semi-annual Global Prime Office Occupancy Costs survey.

The real estate market should grow gradually in order to avoid a new `bubble`

Some real estate developers are optimistic regarding the office request in Bucharest and continue the investments, but the vacancy rate of the spaces, the decrease of the rents, as well as the low purchase power on the local residential market cause a reserved attitude on the market, the development of this sector needing to be made gradually, in order not to enter a new “speculative bubble”.

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