70% of the COS coworking business, generated by Stables Cluj, up 14% compared to the previous year

• The Stables office space in Cluj, owned by the fit-out services company COS, generated revenues of 423,000 euros in 2023, representing 70% of COS’s total business with coworking spaces.
• Stables recorded an occupancy rate of 95% in 2023, up 15 percentage points compared to the previous year.
• 75% of the demand for coworking spaces comes from companies with a solid presence on the market or from large corporations, not from the segment of freelance activities.  The significant volume of demand for coworking spaces is correlated with the dynamics of the technology sector and start-ups. 70% of COS customers in this segment come from these sectors.

COS, one of the most important providers of integrated fit-out services* and pioneer of this segment in Romania, reports revenues of over half a million (0.6 million) euros only from the rental of coworking spaces, against the background of the increase accelerated of the segment. 70% of the total revenues in the coworking segment were generated by Stables, the space owned by COS in Cluj-Napoca.

Stables is a space of almost 1,000 sqm, inaugurated by COS in 2020, which occupies 2 floors of a building built 200 years ago, converted from a production facility into a modern office space, following an investment of 750,000 euros.

The capacity of the space is 86 seats for private offices, 16 individual offices and 20 hot-desk seats, an area for socializing, 5 meeting rooms and a conference center. Stables also serves as the headquarters and showroom for the COS fit-out activity in the north-west area of ​​the country, where it is the main player on the design and construction services market. COS reports a 95% occupancy rate for Stables at the end of 2023, up 15 percentage points from the same period in 2022. On average, around 95% of customers believe that design has a positive impact on their productivity and creativity, appreciate the comfort and ergonomics of the space and think that Stables is a reliable partner.

Contrary to general market estimates, according to which the demand for coworking spaces in Cluj comes mainly from the freelancer segment – and not from companies, 75% of Stables’ revenues come from companies with a solid presence on the market or from large corporations.

“In just 4 years of activity in Cluj, we managed to position the Stables brand as a reference for coworking spaces. A clear differentiator for Stables on the market is the care we give to our clients, beyond the services offered, the vibrant design and the spirit of community that the space inspires. After the 26 years of solid experience in design and in the office business accumulated by COS in Romania, pioneering in this new coworking segment is a natural step forward for us,” says Marius Marza, COS National Sales Director and Managing Partner Stables.

According to COS internal data, the growing demand for coworking office spaces is correlated with the constant development of the technology segment and start-ups, companies at the beginning of the road preferring to turn to shared offices and coworking spaces, which allow the further development of the business. In 2023, 70% of Stables’ client portfolio came from the start-up and technology segments.

Stables’ extensive portfolio includes clients from sectors such as information technology (IT), transport, legal services, smart infrastructure, creative services, marketing, e-commerce, architecture, banking and real estate. The Stables client portfolio includes companies such as Datacor, Kinaxis, ComputaCenter, BNP Paribas, Picsart, Speedwell, Evo Marketing, Studio Contextual, ICG and others. According to COS internal data, the total area of ​​coworking office spaces in Cluj has doubled in the last 2 years and follows global growth trends.

Although, currently, the market is not evolving at the same pace as in past years, it continues to grow faster than other components of the office market, COS specialists appreciate. Launched in 2020, Stables offers a premium coworking environment, adapted for entrepreneurs and multinational companies, an event space for the community and a showroom for COS’s own interior design and construction projects. Currently, the number of client employees who use the space is more than 150 people in a hybrid regime, with an average of approximately 75 people who come to the office every day. Stables has a total capacity of 122 places, in a space of 1,000 square meters.

“This dynamic clearly shows the growth potential of the segment, and we continue to focus on the development of a diversified coworking community, on the organization of attractive events, as well as on our interior design and construction projects,” adds Marius Marza.

Active on the local market since 1998, COS [Corporate Office Solutions] is one of the largest suppliers of complete furnishing solutions for interior spaces in Romania and operates on the entire spectrum of the relevant market segments: the segment of office spaces, industrial (interior furnishings in logistics parks and industrial facilities), of hospitality (hotels, restaurants), of health (interiors for clinics and hospitals) and of education (private and public schools).

COS currently has 4 national offices, 2 of which are dedicated to the coworking segment and office rental services, MASIA (Bucharest) and Stables (Cluj). COS reached a total volume of over 2,850 clients and over 20,000 projects.

COS has solid and long-term partnerships in Romania with suppliers such as Steelcase and Interface, international leaders in the furniture segments, respectively solutions for professional floors, but also with local manufacturers