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Articles - secondary office markets

Office stock outside Bucharest could reach 800,000 sqm by 2018, says DTZ Echinox

The modern office stock in the main regional cities throughout Romania went up by approximately 20 percent in 2015 y-o-y, according to a DTZ Echinox report. At the end of 2015, class A & B office space in Cluj Napoca, Timisoara, Iasi and Brasov, the main regional office markets, reached 584,000 sqm.

Ovidiu Şandor: Timişoara and Cluj office request registers strong growth

Real estate developers should build when the economy is in recession, so when it resumes growth, the companies should have the products ready, considers Ovidiu Şandor, Timisoara’s entrepreneur with real estate business.

Ploiesti, Oradea and Pitesti seen as emerging real estate markets

The real estate markets in Ploiesti, Oradea, and Pitesti, together with Arad, Sibiu and Bacau, will see an estimated yearly growth of approx. 5 percent in the next two years, both in terms of transactions but also housing prices, according to RE/MAX Romania.

TOP OFFICES IN ROMANIA 2015: The first three positions outside Bucharest are held by Iasi, Timisoara and Craiova

In 2015, the volume of office rental transactions outside the Capital rose to a total area of 49,661 sqm, 32% more than in 2014.

Top offices outside Bucharest at 9 months: Iasi and Timisoara cities attracted more than two thirds of the tenants

In the first nine months of 2015 the large cities outside Bucharest registered office transactions totalling an area of 37,417 sq. m, with 46 pct. increase compared to the similar period of 2014 (when a total of 25,475 sq. m were transacted) and almost equal to the entire area transacted in 2014 (37,377 sq. m), according to ESOP study.

Craiova – A New Destination for Outsourcing Companies

With competition for talent on the rise in cities like Bucharest, Timisoara and Cluj, which were initial targets of this sector, other university centers such as Craiova increasingly come into the spotlight, a new study of CBRE reveals.

Office market in regional hubs in Romania goes up

Developers will deliver some 96,000 sqm worth of office space in Cluj-Napoca, Timisoara, Iasi and Brasov this year, whereas the demand amounts to some 80,000 sqm, said Mihaela Galatanu, head of research within DTZ Echinox.

Business Review: Demand for office space outside Bucharest to reach record level in 2015

Some 100,000 sqm of office space is expected to be delivered this year outside Bucharest, double the level reported last year, say consultants. IT and outsourcing companies remain the main growth engines behind this, but for how long will regional office markets in cities like Timisoara, Cluj-Napoca and Iasi be able to maintain their momentum?

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