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Articles - office vacancy

Equilibrium 1 reaches 100% occupancy rate of the office area

SMS Metallurgy Romania chooses Equilibrium 1 to relocate its office in Bucharest and thus occupies the last available office space in the first building of the Equilibrium complex developed by Skanska in the Northern area of ​​the Capital.

Around 500,000 sq. m of office spaces are vacant in Bucharest

Around 500,000 sq. m of office spaces are unoccupied in Bucharest, reflecting a vacancy rate of 15.2%, the highest availability being reported in the Pipera North, Center-West, and Floreasca – Barbu Vacarescu submarkets.

Țiriac Tower - the newest office building in the center of Bucharest reaches an occupancy rate of 75% before its completion

Țiriac Imobiliare, part of the Țiriac Group, is completing the works for the Țiriac Tower office building, one of the reference buildings in the center of Bucharest. The premium office project reached an occupancy rate of 75%, prior to its delivery.

The office building Mendeleev Office 5 reaches an occupancy rate of 95%

Mendeleev Office 5 office building, developed by Akcent Development in the center of the Capital and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted a new tenant, the advertising agency Jam Session Agency, reaching an occupancy rate of 95%.

2019 will be a record year in terms of new deliveries in Bucharest

The real estate development activity could double in 2019 compared to 2018, if all the projects scheduled for this year will be completed, data from the JLL Bucharest City Report show.

Even with 5% vacancy , can you afford not to be tenant-centric ??

No one disputes that in the world of real estate, the tenant is king. This means that landlords and agents must be tenants-centric in their focus to survive but what happen when the market is so strong that it becomes a landlords market?

AFI Tech Park 1 office building reaches an occupancy rate of 80%

AFI Tech Park, the new Business Campus developed by AFI Europe Romania in the center of Bucharest, announces new tenants of AFI Tech Park 1, the first building of the new office complex: New Work and Afcon Electra Romania. With these new transactions, AFI Tech Park 1 achieves an 80% occupancy.

Office vacancy rate in Bucharest reached a low record of 6.6% in 2018

The average office vacancy rate in Bucharest dropped to a historic low of about 6.6% last year, compared with 9.2% at the end of 2017. The decrease occurred on the background of a lower development activity compared to the market request, according to JLL Romania.
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