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Articles - piata secundara de birouri

Office projects of more than 275,000 sq. m are planned to be developed outside Bucharest

Developers announced the construction of more than 275,000 sq. m of new office projects in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov, and therefore the modern office stock should reach approximately 1.3 million sq. m in the next 5 years. An increasing development activity has been noticed, especially when compared with the 2021 – 2022 period, when close to 70,000 sq m of office spaces were delivered in the four cities in question, according to the Cushman & Wakefield Echinox Office Market Regional Cities report.

Cluj-Napoca has the most office projects in the pipeline, after Bucharest

The market of modern office spaces in Cluj-Napoca is the second largest in the country, after Bucharest and is expected to remain so in the coming years. Real estate investors plan eight class A office buildings in Cluj-Napoca, which will have a total area of 130,016 square meters, until 2025, which is about half of the current stock of modern offices in the city, according to an analysis conducted by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

Catinvest, over EUR 40 million investment in a new building with offices and retail spaces within Electroputere Parc

Catinvest continues the expansion of Electroputere Parc and inaugurates the second mixed building of 12,700 square meters of class A offices and commercial spaces, as part of a total investment of over 40 million euros. The new building includes 8,300 square meters of offices and 4,400 square meters of retail, as well as new underground parking for tenants and customers.

Available office space in Cluj – Napoca drops dramatically

The total A Class office space due to be delivered this year in Cluj – Napoca will decrease by 85% compared to last year, which led to a drastic reduction in available office space for rent.

The office market neared the 3 million square meters milestone

2020 was one the poorest in the last decade for the Bucharest office market in terms of demand, reflecting uncertainties generated by the effects of the Covid-19 pandemic on the tenants’ plans.

Bucharest remains the first option for companies entering Romania

The stock of modern office space in Bucharest reached 3.16 million square meters at the end of the third quarter of 2019, in the context of a population of 2.11 million inhabitants and an unemployment rate of 1.3 %, according to the report Romania Office Destinations, realized by the research department of the real estate consulting company CBRE Romania.

The modern office stock in Cluj Napoca reached 300,000 sqm

Cluj-Napoca becomes the first city in the province to reach the threshold of 300,000 m2 of modern office space after the inauguration of several new buildings in the first part of this year.

Timisoara became the largest Romanian office market outside Bucharest, surpassing Cluj

Timisoara became, by the middle of this year, the largest office market in the province, surpassing for the first time the office market in operation in Cluj-Napoca, according to a study of a real estate consultancy company.
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