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Articles - office rentals

Esop: A and B Class Office Rents in Western Bucharest Closer to Downtown Rents

The differentiated office spaces volume, more consistent in the Central-Northern Bucharest and more limited in Centre-Western Bucharest, has generated in the beginning of this year a significant proximity of the rents in the two zones, which became comparable, according to Esop Consulting.

60 pct of office space to be delivered this year still doesn’t have tenants

Real estate developers face the grim reality that 60 percent of the office buildings that they will deliver this year don’t have any tenants. Depending on the project, the level of free space ranges from 0 percent to 100 percent according to data centralized by Mediafax.

Bucharest, down three positions in the top of the world’s most expensive office markets

Bucharest went down three positions, to 45th, in the top of the world’s 67 most expensive office markets, although the level of rents in central zone has slightly increased in 20013, according to a study of the real estate consultant Cushman&Wakefield.

First building in Hermes Business Campus, to be completed in March. Xerox, Litera and Fribourg Capital, among tenants

The first of the three buildings included in Hermes Business Campus, the office park developed by Atenor Group in Bucharest, will be delivered by the end of March, has announced Colliers International, the property manager of the complex.

Office spaces rented outside Bucharest: huge growth in 2013

The area of the office spaces rented outside Bucharest has increased four times last year, to 23,128 sq. m, Cluj-Napoca occupying the first places considering the transactions volume, according to Esop Consulting.

Metro Systems Romania will extend its rented surface in Brasov Business Park

Starting March 1st 2014, METRO SYSTEMS Romania S.R.L., a subsidiary of METRO SYSTEMS GmbH, offering support in the business with their IT competence in developing and operation, will extend its operations in Brasov by renting an additional surface of 77,28 sq.m. to the actual rented surface of 224,5 sq.m.

CBRE: IT&C companies lease over 100,000 sqm of office space in Bucharest in 2013

Almost 300,000 sqm of office spaces were leased last year in Bucharest, marking the highest volume of transactions ever recorded in the capital, according to CBRE.

Horatiu Florescu, The Advisers/Knight Frank: 2014 will be a year of pre-leases

The office pre-leases will register a revival in 2014, says Horatiu Florescu, the president of the company The Advisers/Knight Frank, in the context that in 2013 the volume of office pre-leases has decreased substantially compared to 2012, representing only 9% from the total transacted area.
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