NEWS

If in the last 10 years the northern area has concentrated 62% of new office supplies, the situation is about to change due to overcrowding and the start of major projects in the West. Of the 382,800 m2 of offices currently under construction, 200,000 m2 (52%) are located in the west of Bucharest, in the Grozăveşti and Polytechnic areas. The core area accounts for 28% of the stock under construction, while the northern one accounts for only 20% of the announced deliveries for 2017-2018.

Full article can be viewed on our office website: https://www.spatii-de-birouri.ro/en/press-release/91-timisoara-has-become-the-largest-office-market-outside-bucharest-overtaking-cluj-napoca-for-the-first-time

Full article can be viewed on our offices site: https://www.spatii-de-birouri.ro/en/press-release/89-activ-property-services-brokered-the-lease-of-the-space-for-the-new-db-schenker-office-in-agn-business-center-from-timisoara

The real-estate market is registering a significant growth in pipeline volumes at the half of the year, the announced deliveries of new retail, offices and industrial space for 2018 being 53% larger compared to the previous year at national level. „The retail, office and industrial markets are developing on solid fundamentals, being characterized by high occupancy rates, active levels of demand with take-up volumes confirmed during the last years, respectively stable rents, with an upward tendency. In these conditions the development of new projects has accelerated in all the major sectors. We expect a rapid absorption of the new supplies, an important share being already under pre-lease agreements.” declares Florian Gheorghe, Head of Research Department at Activ Property Services.

Full article can be viewed on our offices site:

https://www.spatii-de-birouri.ro/en/press-release/85-duvenbeck-has-a-new-office-in-preciziei-business-center-office-building-in-bucharest