Latest News  

DTZ: Office demand outside Bucharest to reach highest-ever volume

In 2015 the volume of pre-leasing in the main regional cities was three times higher than the previous year, states a new release from DTZ Echinox.

2016-08-18 15:03:54 - by Bogdan Tudorache

In 2015 new deliveries in major regional cities have reached the highest level ever recorded. And the demand for offices outside Bucharest 2016 is projected to reach the highest level ever recorded, also says the study.

"By the end of 2017, the stock of modern offices in major regional cities could reach about 800,000 sqm," says Madalina Cojocaru, partner, DTZ Echinox.

In 2015 deliveries of new space in major regional cities have reached the highest level ever recorded. At the end of the year, total stock of modern office space in Cluj, Timisoara, Iasi and Brasov was 20% higher than the previous year. During 2016 - 2017, the deliveries of modern office spaces in major regional cities is estimated to exceed 210,000 sqm.

In 2015, the total demand for office space in the main regional cities was 25% higher compared to 2014 and was generated mainly by companies in the technology sector and telecommunications, followed by companies in the sectors of finance and manufacturing / industrial fields.

The volume of pre-leasing of the main regional cities was three times higher in 2015 than the previous year and the largest transaction recorded was one pre-lease; In the first half of this year, total demand for office space has reached a level similar to that recorded in 2015 and for the full year 2016 is expected to reach a record high.

The 2015 new deliveries in major regional cities exceeded 90,000 square meters and reached the highest level ever recorded. Late last year, modern office stock in Cluj, Timisoara, Iasi and Brasov was 20% higher than the previous year and add up to 584 000 square meters.

The 2015 demand for office space in all major regional cities was 25% higher than the previous year and totaled approximately 70,000 sqm. Net demand accounted for 90% of total demand, totaling approximately 60,000 sqm and trading was divided between new request (80%) and relocations in the stock Class A and B.

Pre-lease activity was improved significantly in 2015. Compared to 2014 preleasing volume was three times greater (25,500 sqm). Also, the largest office transaction outside Bucharest ended last year was a pre-lease transaction.

Of the total office space traded in 2015, 35% was done Iasi. This was followed by Cluj-Napoca - 23%, Timisoara and Brasov (22% and respectively, 20%).

Companies in technology and telecommunication sectors continued to generate the most requests (75% of the traded), followed by companies in the financial (10%) and manufacturing / industrial fields (8%).

"This year, the office market in the main regional cities will exceed the results recorded in 2015. Trading activity in the first half of the year and the deliveries announced for 2016 to 2017 shows that the largest office markets outside the capital are attractive both for developers and for office tenants," Madalina Cojocaru.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Four companies represent Romania in Deloitte 2017 Technology Fast 500TM EMEA rankings

Trencadis, Tremend, APSISWARE and Qualitance represent Romania in this year's Deloitte's Technology Fast 500 rankings for Europe, the Middle East, and Africa (EMEA).

 Read Full article »
ABB opens the first robotics training centre in Romania

Industrial robotics giant ABB has opened what is said to be the "first-ever" robotics centre in Romania,a public-private partnership between ABB and the Polytechnic University in Bucharest.

 Read Full article »
Romania's IT industry could grow at an annual pace of 9 percent until 2025

Romania's IT industry could grow at an annual pace of 9 percent until 2025 and cooperation among the relevant entities is the key to the future, president of the Smart Alliance cluster Gabriel Munteanu told t

 Read Full article »
Vitruvian Partners investment fund has purchased 30pct of Bitdefender from Axxess Capital

The Vitruvian Partners investment fund has purchased 30pct of Bitdefender from Axxess Capital, thus becoming the second biggest shareholder of the company evaluated at over USD 600 million, the software produc

 Read Full article »
Accenture pledges thousands of hours to bring coding to students

Accenture employees across 56 countries have pledged to complete more than 10,000 Hours of Code and lead coding tutorial sessions around the world during Computer Science Education Week, Dec. 4-10, as part of t

 Read Full article »
CTP was nominated in four categories at the CIJ Awards Gala 2017

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, was nominated in four categories at the tenth edition of CIJ Awards Gala, which will take pla

 Read Full article »
How does leadership look today?

This summer, Outsourcing Today organized LEARNING & DEVELOPMENT Roundtable at InterContinental Hotel in Bucharest. The event brought together the business services professionals to discuss and discover new tool

 Read Full article »
Ericsson names new Romania country manager

Swedish telecom equipment maker Ericsson named Dragos Mircea Rebegea as new country manager for Romania.

 Read Full article »
Workplace – Building new approaches

The real estate market in Romania is living the wobbly times, in consonance with everything that is happening in Romania. The growing Euro rate and the instability and unpredictable times make of Romanian consu

 Read Full article »
Embracing limitless learning

The growth of any business relies on the development of its own people that consists it. That is no wonder that, in an industry such as outsourcing and IT that learns together with its shareholders how to adjus

 Read Full article »
 
 
MOST READ ARTICLES
» Committed to growth
» TELUS International: How customer serv...
» Stay updated on People in Shared Serv...
» Genpact to hire more than 10,000 peopl...
» Luxoft expands Asia Pacific presence w...
» TELUS International Europe: How Millen...
» Romanian real estate investments up 80...
» Leoni to open new SSC in Cluj, cut job...
» IBM leases 18.000 sqm in Forte Partner...
» Exclusive OT: Iasi business services e...
 
EDITOR CHOICE
TELUS International: How customer service significantly improves with diversity in the workplace

Discover how cultivating a diverse workforce helps companies enhance their brand, attract top talent and deliver exceptional customer service

 Read Full article »
Committed to growth

In the current swelling race of reaching the perfect algorithm for growth, companies operating various outsourcing services in Romania all relate to the main key drivers for business development in which people

 Read Full article »
Shifting the workplace perspective towards high-end added value

This month, OUTSOURCING TODAY organized The Workplace of the future in IT and Outsourcing at Caro Hotel Bucharest, a new concept event meant to connect fast-growing corporate tenants from IT and outsourcing ind

 Read Full article »
Andrei Romanescu, Managing Director of Veeam Romania: Outsourcing sector, a decade evolution

Since the early 2000s, this sector has grown at a significant rate (about 20-30% per year). The industry has evolved from focusing on cost and labour arbitrage to adding value – therefore the growth is not so

 Read Full article »
TELUS International Europe: Discover how successful smart-home providers deliver exceptional customer service

Key Takeaways

• Internet of Things (IoT) connected home devices are making the contact center and customer service more important than ever. • A friendly approach and positive attitude are import

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events