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Office Market News

AFI Tech Park 1 office building reaches an occupancy rate of 80%

AFI Tech Park, the new Business Campus developed by AFI Europe Romania in the center of Bucharest, announces new tenants of AFI Tech Park 1, the first building of the new office complex: New Work and Afcon Electra Romania. With these new transactions, AFI Tech Park 1 achieves an 80% occupancy.

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The construction of Renault Bucharest Connected was finalised

Just one and a half years after starting work on the site in the western part of Bucharest, 561 days later to be more exact, we have finalised the construction of Renault Bucharest Connected (RBC).

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BRISK GROUP – WE ARE ONE STEP AHEAD

2019 has come with some important changes for us. We have a new brand positioning, a new logo and a new website to share with you.

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A record of 1.2 million sqm of new real estate industrial, office and retail projects to be delivered in 2019

The real estate market in Romania has entered a new year of development on all segments, investors having plans to deliver logistic, commercial and office buildings with a cumulated area of 1.2 million square meters, a new record, according to Cushman & Wakefield Echinox. For comparison, last year new spaces of about 850,000 square meters were delivered.

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Office vacancy rate in Bucharest reached a low record of 6.6% in 2018

The average office vacancy rate in Bucharest dropped to a historic low of about 6.6% last year, compared with 9.2% at the end of 2017. The decrease occurred on the background of a lower development activity compared to the market request, according to JLL Romania.

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Real estate investment market in Romania: 940 million euros in 2018

The volume of transactions registered in 2018 is 940 million euros, a level similar to that seen in 2017, but 30% higher than the figure reported in 2016, according to an analysis by CBRE.

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Mindspace opens the first coworking space in Romania in Globalworth Campus

With an area of 4,446 sqm, distributed on two floors, the Mindspace Business District can accommodate over 730 members - companies, start-ups, entrepreneurs and freelancers.

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Bucharest is among the top cities with the most and youngest employees in the high tech industry

Bucharest has ranked as one of the most highly experienced cities in the high-tech industry, currently employing more than 70,000 employees, shows a deep-seated research into Europe, the Middle East and Africa region (EMEA) carried out by CBRE.

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