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Office Market News

Bucharest Office Market Shifts: NN Downsizes Space by 40% Amidst Hybrid Work Trend

NN, a major company in Bucharest, has currently annouced the relocation of its offices and significantly reduced its leased space, mirroring a broader trend in the commercial real estate market driven partly by the adoption of hybrid work models. This move highlights the evolving needs of businesses for physical office footprints.

NN relocates its offices to One Cotroceni Park, one of the most modern business ecosystems in Bucharest

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania announces the signing of a lease agreement for NN's new headquarters within the One Cotroceni Park development. The lease agreement spans 10 years and was brokered by Knight Frank Romania.

Vastint Plans Major New Real EstateProject in Central Bucharest

Vastint, the real estate developer with ties to IKEA, is clearing the site of the former Dâmbovița shoe factory in Bucharest for a significant new real estate venture, signaling potential opportunities for businesses seeking prime commercial space.

Romanian Office Maintenance Costs See Sharpest Rise in Years

Maintenance costs for modern office buildings in Romania have increased by approximately 10% in the budgets allocated for 2025, the most pronounced increase in recent years, according to an analysis by Colliers, one of the largest office building management companies in the country. The largest increases were generated by costs for security, fire safety, cleaning and technical maintenance, largely influenced by the increase in the cost of labor, in a difficult market context.

CEE Political Shifts: What Bucharest & Warsaw Elections Mean for Office & Warehouse Space

Recent political developments in Central and Eastern Europe, specifically leadership changes in Bucharest and potential shifts in Poland, signal a move towards pro-EU, centrist governance. These changes, bringing former mayors known for specific urban development priorities to national prominence, could significantly influence the real estate markets in major CEE capitals, impacting businesses seeking office and warehouse space.

Romanian entrepreneur Daniel Ștefănescu buys IPA office building in northern Bucharest

A notable office building acquisition in northern Bucharest highlights ongoing activity in the market, even as recent data shows a decrease in overall take-up. Experts forecast a rebound in demand, signaling potential opportunities and challenges for businesses seeking space in the coming months.

CEE Office Market Q1 2025: Navigating Slowed Demand and Limited Supply

The office space demand slowed down in Q1 across Central and Eastern Europe (CEE), where less than 30,000 sq. m were delivered across the region, corresponding to the area of a medium – sized building, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

aSpace expands in Pipera amid growing demand for flexible office spaces

aSpace, one of the largest Romanian-owned operators of co-working spaces and serviced offices in Romania, is expanding its Global City Business Park office space in the north of the capital. The company currently owns 1,400 square meters of rentable space in this building, used by clients from industries such as IT, agriculture, professional services, transportation, automotive, etc.

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Alexandra Filip

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