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Articles - office rentals

Office market 1st quarter: the demand is up by 13% in Bucharest and 50% in the rest of the country

The office area transacted in the first quarter of this year has increased both in Bucharest and in smaller cities in the country, such as Timisoara and Cluj-Napoca, mainly due to the development of the IT&C companies, which continue to recruit thousands of employees and to occupy new floors in business centres.

Office preleases up to 30% of the market in first quarter

The office prelease transaction volume in Bucharest has spectacularly increased in the first quarter compared to the similar period of 2013, representing over 30% of the rented area in the analyzed period, an evolution which shows a recovery of the interest in the local market, Mediafax writes.

Office Depot expands its offices in Cluj

Office Depot, services and solutions supplier for working spaces has extended its lease in the office building Iulius Business Center in Cluj, expanding its area with 700 sq. m, to 4,500 sq. m.

Office developers active across CEE

Developers have been very active in the Warsaw and Prague office markets in recent years. However, these leading CEE markets are victims of their own success as concerns over vacancy rates are causing developers to re-consider the Budapest and Bucharest office markets.

Clients of the villa offices have budgets up to EUR 10/month

The clients relocating their offices in villas in the first three months of 2014 have mainly chosen central areas - 13 Septembrie, Ştefan cel Mare, Foişorul de Foc, with average budgets up to EUR 10/sq. m/month, according to the market analyze of ESOP Consulting l CORFAC International.

How to keep your tenants. Top 5 measures for building owners

The tenant has changed a lot compared to the period before the crises. If tenants were once only interested in the location of the space, the rent costs and the owner flexibility to participate in the movement process, the owners are facing more and more a sophisticated tenant, interested at the same time in other very important aspects, with impact on current costs and in its image on the market.

Gothaer Asigurari Reasigurari: new Tenant of Brasov Business Park

Gothaer Asigurari Reasigurari will rent starting April 1st 2014 two offices at Brasov Business Park: one office at Ground floor adding value to existent business related services and one at Mezzanine. Gothaer Asigurari Reasigurari products will be available starting April 1st 2014 at the new office opened in Brasov Business Park.

Vodafone and Huawei to occupy almost 40% of Bucharest One office tower

The investment fund Globalworth, controlled by the businessman Ioannis Papalekas, announced the rental of 37.5% of the office tower to be built on Barbu Vacarescu St. in Bucharest, a space of 16,000 sq. m being signed for 10 years by Vodafone, while Huawei rented 2,500 sq. m for 5 years.

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