Latest News  

The number of employees in modern office buildings in Bucharest could reach 270,000 by the end of the year

The number of employees in Class A and B office buildings in Bucharest has reached about 253,000 at the end of the first semester of 2018, a slight increase compared to the end of 2017, the real estate consultant Cushman & Wakefield Echinox announces.

2018-09-04 15:12:54

In H1 2018, the number of employees working in companies with headquarters in modern office buildings in the capital increased by 3,000, according to estimates of the consultants.

In the same time, estimates of national real estate consultant CBRE announced the results of the office space segment in Bucharest in the first half of 2018. The vacancy rate has reached a historic minimum for the past 9 years, standing at 8 per cent and the modern office space stock in the capital reached 2.79 million square meters. According to CBRE data, in S1 2018, 149,000 sqm were traded, of which 80 per cent were Class A office buildings.

From the point of view of the type of transaction, about 20 per cent is represented by renewals and renegotiations, and the remaining 80 per cent is divided between: new claims (15 per cent), relocations (22 per cent), pre- rentals of 36 per cent and extensions (7 per cent).

Considering the office projects whose delivery is announced for the second half of the year, the number of employees in modern office buildings in Bucharest could rise to 270,000 by the end of 2018.

"As mentioned in our report, the number of employees working in Class A and B office buildings is steadily increasing. As the labour force availability is reduced, tenants are more and more interested in occupying office spaces in buildings that will support them to attract and retain talented employees. Thus, the owners and companies that manage office buildings are also starting to be involved in the process of attracting new talents and retaining the existing employees, proposing, for example, for common spaces a modern interior design with coworking areas, which creates an animated atmosphere meant to encourage the interaction of different departments. Another example is the diversification of the services offered, besides the traditional ones (restaurants, commercial spaces, etc.). The owners initiate a series of sporting events or entertainment activities to develop and enforce a micro-community concept," said Mădălina Cojocaru, Partner, Office Agency C & W Echinox.

Pipera Sud (Dimitrie Pompeiu), Barbu Văcărescu – Floreasca and the Western area still occupy the top three positions in terms of number of employees in modern office buildings. Thus, approximately 52,000 people work in office buildings in the Pipera Sud area, around 45,000 in the Barbu Văcărescu – Floreasca area, and in the West approximately 38,500, the three areas concentrating 63% of the employees of the modern office buildings in Bucharest.

The number of employees is calculated according to the office destination and the occupancy rate recorded for each office area at the end of the first semester of 2018.

The majority of office buildings with the highest square meter per employee ratio are located in the Central and CBD areas (Central Business District – Victoriei Square – Charles de Gaulle Square), which mainly host company headquarters from consultancy, insurance, banking or pharmaceutical sectors.
The lowest square meter per employee ratio is still in the Pipera Sud (Dimitrie Pompeiu) area, a back office location, a destination chosen especially by outsourcing companies.

Cushman & Wakefield Echinox is one of the largest real estate consultantancy firms in Romania, active in all real estate market segments. In the first half of 2018, the company's office agency rented spaces with a cumulative area of approximately 30,000 square meters in office buildings in Bucharest and the country.


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
Francesca Postolache, Partner PwC joins People in Shared Services & Outsourcing Forum on October 18, at Bucharest

Francesca Postolache, Partner PwC, joins us next Thursday to take forward major subjects such as Digital Transformation and Next-Generation Talent Development.

 Read Full article »
Telekom Romania opens in Brăila its sixth BPO center

Telekom Romania announces the opening in Braila of BPO (Business Process Outsourcing) centre dedicated to companies that need such services and which prefer to rely on a professional and experienced provider

 Read Full article »
Delphi Technologies inaugurates global IT center in Bucharest

Delphi Technologies, a leading provider of advanced propulsion solutions to automotive manufacturers has opened its first multidisciplinary global IT center in Bucharest. This new site will provide information

 Read Full article »
London Stock Exchange Group appoints Andreea Stanescu as General Manager for Romania

London Stock Exchange Group (LSEG) announced that Andreea Stanescu has been appointed General Manager, Romania. Andreea will be reporting to Dee Liyanwela, Head of Business Services Ltd (BSL) Sri Lanka and Roma

 Read Full article »
Google to offer free courses for young programmers and business incubators

Google announced the launch of the "Digital Workshop for Programmers", aimed at offering free courses to students who want to learn to program and young people who want to become technology entrepreneurs. These

 Read Full article »
ANIS scholarships gathered 35 innovative projects since launch

Employers' Association of the Software and Services Industry (ANIS) announced it registered 35 innovative projects within the first edition of its program called "ANIS' Scholarships".

 Read Full article »
Matthieu Pasquier is the new CEO of Societe Generale European Business Services

The Board of Societe Generale named Matthieu Pasquier as the new CEO of Societe Generale European Business Services, effective July 16, the company announced.

 Read Full article »
KMG Rompetrol chooses Oracle Cloud to reduce the IT costs and power consumption

KMG Rompetrol, eading provider of retail, refining and petrochemical services in Romania, has chosen Oracle Cloud to reduce IT operating costs and power consumption. KMG Rompetrol has transferred its Oracle E

 Read Full article »
Cognizant acquires Romanian-rooted digital engineering leader Softvision

Cognizant recently announced it has entered into a definitive agreement to acquire Softvision, LLC, a privately-held digital engineering and consulting company focused on agile development of innovative softwa

 Read Full article »
Daniel Dineș, UiPath on the scene of How to Web 2018

How To Web 2018, the reputed technology event in Central and Eastern Europe, announces the presence of Daniel Dines, co-founder and CEO of UiPath, on the conference stage on October 19th. UiPath is one of the m

 Read Full article »
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Delphi Technologies inaugurates global...
» London Stock Exchange Group appoints A...
» Telekom Romania opens in Brăila its s...
» Colin Lovering to moderate the talks o...
» ANIS scholarships gathered 35 innovati...
» TELUS International Europe: Four quest...
» Matthieu Pasquier is the new CEO of So...
» GRS has one of the fastest growths and
» Francesca Postolache, Partner PwC join...
 
EDITOR CHOICE
Colin Lovering to moderate the talks of People in Shared Services & Outsourcing Forum on October 18, at Bucharest

The moderator of the 4th edition of the annual event dedicated to the human resources in shared services & outsourcing industry, COLIN C. LOVERING ISM, Chairman of BRCC and Senior VP, Avison Young Real Estate i

 Read Full article »
Andrei Mihai Crăciun joins the speakers of People in Shared Services & Outsourcing Forum on October 18, at Bucharest

Andrei Mihai Crăciun the Head of office for Innovation, Technological Transfer and Intellectual Property Office from West University of Timisoara will be joining us to discuss whether the private-state actors

 Read Full article »
Sergiu Negut, on the stage of People in Shared Services & Outsourcing Forum on October 18, at Bucharest

On October 18th, Sergiu Negut joins People in Shared Services and Outsourcing Forum to share with us his ideas of ways to support the industry's human capital necessities and create a more efficient cooperation

 Read Full article »
Ready for People in Shared Services & Outsourcing Forum on October 18, at Bucharest

Join us to get access to the latest strategies to develop talent within your organization and to achieve employee engagement.

 Read Full article »
Elena Calin, CEO UP! Your Service Romania at People in Shared Services & Outsourcing Forum on October 18, at Bucharest

Elena Calin, CEO UP! Your Service Romania, keynote speaking on the subject of Employee Experience, @ the 4th edition of People in Shared Services & Outsourcing Forum 2018, on October 18th.

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