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ROMANIA OFFICE Q4 2023

Arghezi 4 (8,000 sq. m GLA) was the only office project delivered in Bucharest in Q4, thus bringing the total 2023 new supply to 110,500 sq. m, the lowest level since 2015. However, the Q4 2023 transa...

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BUCHAREST OFFICE Q3 2023

The Q3 new supply consisted of the 2nd building of the U – Center office project (32,500 sq. m GLA) developed by Forte Partners in the Center submarket, with the 2023 YTD new deliveries totaling 102,5...

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BUCHAREST OFFICE Q2 2023

The Q2 new supply consisted of the 2nd building of the @EXPO project (28,000 sq. m GLA) developed by the Atenor Group in the Expozitiei submarket, thus bringing the H1 total to 70,000 sq. m, while the...

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WHAT OCCUPIERS WANT: GLOBAL SURVEY RESULTS 2023

KEY TAKEAWAYS FROM THE 2023 SURVEY: • Cost and talent—cost pressure is the #1 challenge for companies across the globe • Communal office space for sparking creativity and innovation—targeted space has...

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BUCHAREST OFFICE Q1 2023

The y-o-y inflation rate reached 14.9% in Q1 2023 in Romania, a level which remains relatively high, but prices have been on a downward trend since the beginning of the year and the forecasts are now ...

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OFFICE MARKET REGIONAL CITIES 2023

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 sh...

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BUCHAREST OFFICE MARKET 2022

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 Va...

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BUCHAREST OFFICE Q4 2022

The Q4 2022 office supply in Bucharest consisted of the 2nd building of the Equilibrium project (19,900 sq. m GLA) developed by Skanska in the Floreasca – Barbu Vacarescu submarket, thus bringing the ...

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BUCHAREST OFFICE Q3 2022

The prime headline rent in Bucharest continued to increase in Q3 2022, reaching a level of around €19.50/ sq. m/month in the CBD area, with further increases expected in other submarkets in the follow...

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BUCHAREST OFFICE Q2 2022

The prime headline rent in Bucharest has seen a small increase in Q2 2022 to a level of around €19.00/ sq. m/month in the CBD area, a trend which is also expected in other high profile submarkets...

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BUCHAREST OFFICE MARKETBEAT Q1 2022

The Q1 2022 new supply has been consistent, with three new deliveries in Bucharest, consisting of an extension of the Sema Parc project, namely the London & Oslo buildings (31,500 sq. m GLA in tot...

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ROMANIA OFFICE MARKETBEAT Q4 2021

In Q4 2021, there have been two new office buildings delivered in Bucharest, namely the first phase of the One Cotroceni Park mixed-use project (46,000 sq. m GLA) and Miro Offices (22,900 sq. m G...

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BACK TO THE OFFICE

Romanian employees who had to work more from home in the last 18 months due to the COVID-19 pandemic want to return to the office, given that more than half of them associate coming back to the office...

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CUSHMAN & WAKEFIELD ESG 2021 REPORT

Cushman & Wakefield strives for continuous improvement in order to make a meaningful contribution to a sustainable future. We envision a world of healthy, sustainable buildings that put the w...

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BUCHAREST OFFICE MARKETBEAT Q1 2021

The total leasing activity in Bucharest was of 48,000 sq. m in Q1 2021, with net take-up (excluding renewals) having a robust share of 71%. Compared to Q1 2020, when Covid-19 pandemic was in early sta...

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BUCHAREST OFFICE MARKETBEAT Q4 2020

The modern office stock of Bucharest almost reached the 3 million sq. m threshold (excluding owner occupier buildings and approximately 3.1 million sq. m including those as well), while the vacancy ra...

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WHAT TO WATCH IN 2021: NINE SIGNS OF RECOVERY IN REAL ESTATE

The reality of an effective vaccine and the prospect of widespread vaccinations has sparked hopes for 2021 and speculation about recovery. Cushman & Wakefield Research has identified nine signs to...

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MILLENNIALS AND COVID-19: THE UNLUCKY GENERATION

Millennials have been more affected by the pandemic than other generations. Having attended school during the Dot.com crash, they came of age during the Great Financial Crisis (GFC), and now find them...

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GLOBAL OFFICE IMPACT STUDY & RECOVERY TIMING REPORT

This Cushman & Wakefield study is the first in a four-part series that provides a new perspective on COVID-19’s impact on the commercial real estate (CRE) industry and the future of the office spa...

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PURPOSE OF PLACE: HISTORY AND FUTURE OF THE OFFICE

This study is the second in a four-part series that provides a new perspective on COVID-19’s impact on the commercial real estate (CRE) industry and the future of the office. The office is more than j...

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ROMANIA OFFICE MARKEATBEAT Q3 2020

The total new supply for the first nine months of 2020 reached 124,000 sq. m, reflecting a 35% y-o-y decline. The modern office stock of Bucharest reached 2.9 million sq. m. Covid-19 remains a leasing...

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BACK TO OFFICE – RESEARCH SURVEY

The “Back to office: An office employees survey” outlines how the employees managed to adapt to the new working conditions, with the advantages and disadvantages of the new work from home ...

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RECOVERY READINESS: A HOW-TO GUIDE FOR REOPENING THE WORKPLACE 2.0

The “Recovery Readiness: A How-to Guide for Reopening your Workplace” outlines some of the best thinking and practices implemented with success by Cushman & Wakefield and compiled globally with in...

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BUCHAREST OFFICE MARKET 2020

The most active market remains Bucharest, with projects of about 340,000 square meters scheduled for delivery by the end of 2021. At the end of the first semester, the modern office stock in Bucharest...

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