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Articles - office vacancy

DTZ Echinox: A Class Offices Occupation Costs in Cluj, Iasi, Timisoara and Brasov up to 25 percent lower than in Bucharest

DTZ Echinox published Regional Cities - Office Market Overview, a research about the office market in main Romanian regional cities: Cluj, Iasi, Timisoara and Brasov.

Signs of renewed interest in Romania

The question remains as to when Romania will regain its status as a popular destination for investors and developers with a yield premium on Central Europe and office and retail development opportunities in Bucharest and major regional cities.

60 pct of office space to be delivered this year still doesn’t have tenants

Real estate developers face the grim reality that 60 percent of the office buildings that they will deliver this year don’t have any tenants. Depending on the project, the level of free space ranges from 0 percent to 100 percent according to data centralized by Mediafax.

Centre-West: The Bucharest zone with potential for new office buildings

The area Floreasca - Barbu Văcărescu, the office developers’ favourite in recent years, starts becoming risky.

Ovidiu Şandor: The EUR 25 mil. office building in Cluj to be 75% rented before delivery

The businessman Ovidiu Şandor, the developer of the business park City Business Centre in Timişoara, sold to the investment fund NEPI, estimates an occupancy rate of minimum 70-75% for the office building in Cluj, to be delivered in April this year, following EUR 25 million investments.

CBRE: IT&C companies lease over 100,000 sqm of office space in Bucharest in 2013

Almost 300,000 sqm of office spaces were leased last year in Bucharest, marking the highest volume of transactions ever recorded in the capital, according to CBRE.

Horatiu Florescu, The Advisers/Knight Frank: 2014 will be a year of pre-leases

The office pre-leases will register a revival in 2014, says Horatiu Florescu, the president of the company The Advisers/Knight Frank, in the context that in 2013 the volume of office pre-leases has decreased substantially compared to 2012, representing only 9% from the total transacted area.

RICS Romania: 10 pct. Growth of the Office Area Transacted in Bucharest

The office area transacted in Bucharest this year will exceed 250,000 sq. m, with 10% growth compared to last year, with outsourcing, IT and pharmaceutical companies being the most active sectors, representing three quarters of the rentals, according to a research of RICS Romania.

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