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Articles - office vacancy

Globalworth Rented 16,600 M2 Offices In the First Months of 2017

Globalworth, the real estate investment fund founded by Greek businessman Ioannis Papalekas, has leased 16,600 square meters since the beginning of the year, the total rented area in the company's premises reaching 413,200 sqm at the end of May.

Lowest Office Vacancy Rate in the Last Nine Years Registered in Bucharest This Quarter

The vacancy rate of the office buildings in Bucharest reached the lowest level in the last nine years, of 9.5 pct., according to CBRE study.

Bucharest stays the cheapest European destination for office rental by 2017

The rennet for a square metre of offices in Bucharest is an average of EUR 19 per month, 4.5 times smaller than in London’s city, the financial heart of the town and more than two times smaller than in Dublin, the city where the American giant Google settled its European quarters.

Bucharest offices flocked in north and centre of the city. South and east, the less attractive areas for developers

The north and centre Bucharest gather approx. 2 million sq. m of offices, namely over 85 pct. of the total stock in Bucharest, according to ZF calculations based on the data from the real estate consultant CBRE.

IT companies lead office space market in Q2 2015

Q2 2015 office space market was dominated by transactions performed by tenants from the IT&C sector, covering 72 percent of total leasing activity (TLA), followed by the professional sector with 11 percent, according to the latest data by CBRE.

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.

Bucharest has the smallest office stock in the region, but the best occupancy rate

Bucharest has the smallest office stock compared to the large capitals in Central and Eastern Europe, of only 2.2 million sq m, half of Warsaw, according to a study made by the real estate consultant DTZ.

2,500 real estate companies disappeared during crises, while debts reached EUR 15 billion

The number of companies with real estate as main field of activity has decreased during the period 2008-2013 from 23,100 to 20,600, while those companies’ debts has registered growth from EUR 13.2 billion to EUR 15 billion, according to a study made by ZF based on the data from the Ministry of finance.

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