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Office Market News

Major Mixed-Use Development with Offices and Retail Approved Behind AFI Cotroceni, Bucharest

AFI Europe, an Israeli-based developer, has received local planning approval for a significant mixed-use project located strategically behind the popular AFI Cotroceni mall in Bucharest. The ambitious development is set to include modern office spaces, retail units, and residential components.

The construction sector started 2025 with its engines revving, but faces the risk of a significant slowdown in the second half of the year

The construction sector began the year on a strong note, with an 8.5% increase in the first four months compared to the same period in 2024, according to data analysed by Colliers. Infrastructure works led the way with a 15.5% jump, while the residential segment recorded a modest recovery of around 4%. In contrast, non-residential construction, including office, industrial and commercial spaces, declined by nearly 2%, reflecting subdued demand and increased caution among private investors. Optimism among construction companies, as measured by Eurostat surveys, is currently at a 3-year low, but the level itself is quite far from the pessimism seen during the initial phase of the pandemic or during past recessions seen in Romania. This suggests that based on the intel that they have, market participants only see a slight slowdown on the horizon, not a significant crash.

IULIUS Properties Achieve LEED Platinum Certification

IULIUS, a leading Romanian developer, has secured LEED Platinum certification for five of its prime retail and office properties across four major cities. This top-tier achievement underscores a commitment to sustainability, energy efficiency, and healthy indoor environments, offering significant benefits for businesses seeking high-quality, responsible spaces. This high-level certification, coordinated by Colliers Romania, covers retail and office spaces in Suceava, Iași, Cluj-Napoca, and Timișoara.

Why Flexible Office Space is Booming Across EMEA

The flexible office market in Europe, the Middle East, and Africa (EMEA) has reached record heights, driven by increasing business demand for agile, premium, and managed workspace solutions. Discover the latest trends and what this means for companies seeking office space, according to a recent Colliers report.

Major Land Opportunity in Bucharest's Sector 4 Signals Future Office and Warehouse Development

A significant 10-hectare plot in Sector 4, Bucharest, strategically located near the Vitantis complex and Văcărești Delta, is set for online auction. This prime location, deemed ideal for developers, holds vast potential for future commercial, office, and logistics projects, offering promising prospects for businesses seeking rental space in a semi-central hub.

World's largest jewellery brand moves its Romanian office to Business Garden Bucharest

Vastint Romania, part of the VASTINT Group, an international company with over 35 years of experience in the real estate field, has concluded a new lease agreement with Pandora, world's largest jewellery brand, who is relocating its office to Business Garden Bucharest. The rental transaction was facilitated by CBRE Romania.

CEE Emerges as a key hub in the global race for AI talent

Discover why Central and Eastern Europe, particularly Romania, is increasingly attracting international investors looking for competitive tech capabilities, a conducive AI ecosystem, and skilled talent for their business expansion.

Bucharest real estate market sees significant activity as CPI Europe divests assets

Recent strategic moves by major property owners like CPI Europe signal dynamic shifts in the European real estate market. The company has completed asset disposals exceeding €165 million, including the significant partial sale of the IRIDE Business Park and adjacent land plots in Bucharest, a transaction valued at over €50 million.

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Alexandra Filip

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