The office market in Romania had a 36% decrease last year from the record level of 470,000 square meters recorded in 2019 to 300,000 square meters (areas include transactions made through agents and those concluded directly between landlord and tenants).
In 2020, the total volume invested in real estate assets in Romania reached €914 million, a 28% increase compared 2019, illustrating the overall resiliency of the Romanian investment market during the Covid-19 pandemic, according to the Romania Investment Marketbeat launched by Cushman & Wakefield Echinox real estate consultancy firm.
As the year came to a close, we are looking back at Spaceflow's 2020. It has been a surely challenging year, but the full devotion to our mission – to enable better life in spaces and to create more connected buildings – has not changed.
We all know the feeling. When the weather outside is terrible but we are able to observe it only as spectators, safe and comfortable inside. There is a Danish word for this feeling: “hygge.” It describes the quality of coziness from being warm in cold weather. It is associated with wellness and contentment—and occasionally used to sell thick wool socks and bearskin rugs. “Hygge” hit popular culture a few years ago but it’s not a trend that’s going away. It is a way of life and an aesthetic.
Real estate investors in Europe are increasingly targeting large cities and assets minimally disrupted by the health crisis which ensure stable incomes, such as logistics and residential, according to the Emerging Trends in Real Estate 2021 report produced by PwC and the Urban Land Institute.
The year 2020 brought a series of radical changes in all areas of activity and irreversibly influenced the way we live, work, and interact. Given that the pandemic continues to cause problems in all types of spaces - industrial, commercial, office - facility managers now have a considerable responsibility in ensuring health safety. This expectation gives them the right time to upgrade their internal systems and take their facility management processes to the next level.
The operator of instant office centers and co-working spaces Flash Office Solutions offers a special crisis package of services for small and medium businesses: modular individual offices and co-working spaces adaptable to the number of employees required to be physically present at the office.
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