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
AFI Brasov Mall begins the construction with 80 per cent assigned spaces

AFI Romania announced that the leasing campaign in AFI Brasov has advanced and has already assigned 80% of the spaces, a press release informs.

 Read Full article »
Logicom to acquire Romanian IT distributor Gemini

Logicom Information Technology, a subsidiary of Logicom Public Limited signed a pre-sale purchase agreement for the acquisition of Romanian IT distribution company Gemini.

 Read Full article »
InnovMatch Competition in solving business challenges

InnovMatch aims to enable innovative companies, start-ups, developers, entrepreneurs and students from around Central and Eastern Europe to tackle specific business challenges, and by using SAP Cloud Platform,

 Read Full article »
Zitec plans 5 million Euro worth business this year

Zitec, major provider of personalized technology solutions, services and products in Romania, announced it recorded a 30 per cent increase in turnover in the first half of 2017, compared to the same period in 2

 Read Full article »
Smartree: Romanian private sector wages up 7 pct on average in H1

HR outsourcing consultancy Smartree says that wages in the private sector rose by an average of 7 percent in the first half of this year compared to the same period of last year, mainly due to the increase of t

 Read Full article »
NTT Data takes up 4,000 square meters in Unirii View office project

NTT Data Romania, the software services and solutions provider, leased 4,000 square meters in Unirii View office project, the 18th floors tower that is being under development in downtown Bucharest, only five m

 Read Full article »
Eucom Survey: 2 out of 3 Romanian employees would learn a foreign language in order to advance in their career

The interim results of the latest survey conducted by Eucom, foreign language courses provider and part of the Ascendis Group, show that 2 out of 3 Romanian employees (66per cent of all respondents) want to lea

 Read Full article »
Google offers 30.000 US dollars grant for supporting computer science in Romania

Union of Romanian Informatics Teachers - UPIR has received a 30,000 US dollars worth grant from Google to create an online community dedicated to computer science high-school teachers.

 Read Full article »
Siveco's Newton project brings top-notch technology in schools for children with special needs

A pre-testing lesson in physics using 3D, Virtual Reality and Augmented Reality content develped by SIVECO Romania brought unexpected success for students with impaired hearing, within the NEWTON European proje

 Read Full article »
The IT sector in Romania anticipated to reach 12 per cent of GDP until 2025

Romania's IT&C sector will increase to 12% of the GDP in 2025, from a current value of 6% of the GDP, said Marian Popa, head of DB Global Tehnology's IT center in Bucharest, citied by Mediafax newswire.

 Read Full article »
 
MOST RECENT VIDEO
 
 
MOST READ ARTICLES
» Voxpro opens office in Bucharest and h...
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» AFI Brasov Mall begins the constructio...
» Comdata to buy four subsidiaries of Fr...
» Welcome onboard!
» Logicom to acquire Romanian IT distrib...
» Romanian Outsourcing Awards for Excell...
» Genpact's COO: Staying ahead of the cu...
» EY: Work-life balance has become more ...
» Omnichannel: 4 pillars of a purposeful...
 
EDITOR CHOICE
Preparing for the new future

Business shared services in Romania is by nature a flexible, mobile and diverse community and in this context, local markets develop their own particularities to address the global changes, to adjust to new dem

 Read Full article »
EY: Work-life balance has become more difficult to be managed by one third of full-time employees in 8 large countries

EY's global survey of full-time workers in eight countries finds that one-third say managing work-life has become more difficult, with younger generations and parents hit hardest.

 Read Full article »
Welcome onboard!

By 2020, some 200.000 people are expected to work in business shared services in Romania, doubling the current employment portfolio enrolled in more than 120 companies operating BPO, SSC or ITO services. Howeve

 Read Full article »
Thierry Blain, SG EBS: Bringing teams to the next level

The journey of Societe Generale European Business Services began with the need for a strategic location to sustain and transform European operations of Societe Generale Group. The purpose was, from the early da

 Read Full article »
TELUS International Europe: Issue 3 - Customers First magazine! Strategy and innovation in travel and hospitality

The third issue of our Customers First magazine is now available! The latest edition is all about travel and hospitality, featuring insights from industry experts and top brands like JetBlue, Turo, Joie de Vivr

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