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Articles - office rentals

Bucharest, in Top 15 cities with biggest office occupancy cost cuts

Bucharest occupies the 12th place in the top of world cities with the biggest office occupancy costs cuts in the last year, with 6.1% decrease in 1Q 2013 compared to 1Q 2012, according to CBRE real estate consultant.

Tudor becomes the biggest green office owner with an extra investment of EUR 1.5-3 mil./building

The office projects West Gate and Novo Park, situated in the western and northern Bucharest have received BREEAM Very Good, certification. Following this certifications, Liviu Tudor, the owner of the projects, has 100,000 sqm green offices in his portfolio.

Warsaw office market view in BNP Paribas Real Estate report - European Office Market 2013

Analysis of the Warsaw office market prepared by BNP Paribas Real Estate supports experts’ assumptions – 2013 will be a record year when it comes to the amount of delivered new office space. Furthermore, the European Office Market Report shows that the increasing number of constructed office buildings and vacancies in the capital impacts the decrease in rent rates.

Major companies are finally starting to sign office deals in the most troubled of districts in the Romanian capital

Office rental deals in the Pipera-Voluntari area have been difficult in recent years, as the area‘s poor infrastructure has been turning many potential tenants away. But a recent rash of deals in the vacancy-hit districts suggest that road improvements may finally be having the desired effects.

BetBrain Software rents 1,300 sqm in Nouveau Center

BetBrain Software, a company specialized in IT services, relocated in Nouveau Center in Lipscani area, an office building owned by the businessman Ion Tiriac, by renting a total area of 1,300 sqm.

Allianz-Ţiriac reduces its real estate portfolio to maximize investment yields

Allianz-Ţiriac plans to reduce the real estate assets in order to maximize the investment yields and to comply with the future European requests regarding the assets suitability, the first step being the intention to sell a building in Brasov for approx. EUR 9 million.

Starlight Suites hotel will turn into office building

Starlight Suites hotel, included in Metropolis Center complex in Bucharest will be transformed into an office building. The reconversion will be handled by the real estate consultancy company CBRE Romania, the project & cost manager designated for this process.

Office buildings selling prices

The office buildings in Bucharest are sold with EUR 1,100 – 3,800/sqm, while the office buildings in the other big cities from Romania have prices between EUR 400-1,250/sqm, according to the data available on spatiicomerciale.ro.

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