This is the case of Sky Tower near Aurel Vlaicu metro station, the tallest building in Romania, and of Tower Center, near Piata Victoriei, the second tallest building in the country. Tower Center, with 106.3 m height and 22 floors started to look for tenants since last summer, when the litigations with Alpha Bank ended, has hardly succeeded in signing with Hidroelectrica for 3,200 sqm, following a negotiation that had created rumours in the press. Quite similar situation is also faced by Sky Tower, a building with 37 floors and 137 m height. The only tenant of the building by now is the landlord itself, Raiffeisen, so from the 41,000 sqm rentable area 34,000 sqm are still vacant. What are the reasons? „The problem with dead spaces is an important issue. I won’t speak about these two building, but about the tall buildings generally. In Romania the owners apply the American standard of BOMA. Tall buildings have thick pillars which occupy more interior space than for the smallest buildings. So, the problem is that the tenants should pay, apart from high rents, also a part of those dead space that they do not in fact occupy.”, has declared Tudor Popp, managing director of Immpuls Real Estate Solutions. Generally, the big companies which could be tenants to such buildings make the total budget, and not the budget per square meter. And if the budget is 20-30% higher than for other buildings, the refusal is implicit. „I believe they will be rented shortly. These decisions are taken, when they are taken, more for the tenant image and less for the costs. Even so, the most prestigious companies are looking carefully at the prices. For example, Oracle did not choose Sky Tower but the project under construction nearby, Floreasca Park, for 15,000 sqm ,”, has declared Ion Catutoiu, General Manager of RealTime Imobiliar. (source: finantistii.ro)