Bucharest, October 2021: 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 with “the return to normality” and experience a lack of socializing with their colleagues, according to the “Back to the Office” study conducted ...

Demand shows signs of recoveryThe 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 stages, demand recorded an 8.6% decrease, thus showing some initial signs of recovery. Bucharest Office Marketbeat_Q1 2021

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 watch, signals that could indicate the CRE market and the global economy are transitioning to a recovery phase. Discover them downloading the study.

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 or from the office experience. Employees will migrate towards a hybrid working environment, therefore office developers will have to adapt their projects to the new work-frame. The October 2020 Edition is the result ...

Bucharest, June 2021: The real estate consulting company Cushman & Wakefield Echinox advised the Lion’s Head group, the owners of the Oregon Park business center in Bucharest, on the DEKRA Trusted Facility audit and certification process, which represents a confirmation that the safety measures against the spread of Covid-19 taken by the Oregon Park owners are properly implemented and in accordance with international standards ...

Bucharest, May 2021: The volume of leasing transactions on the Bucharest office market increased in the first quarter of 2021 to 48,000 square meters, a 9% decrease from the similar period of the previous year, when the Covid-19 pandemic was still on its onset in Europe, reveals the research data of the real estate consulting company Cushman & Wakefield Echinox. However, compared to the ...

Bucharest, April 2021: The real estate consultancy company Cushman & Wakefield Echinox has advised the real estate development company River Development, one of the most experienced domestic developers, in the selling of The Light One office building in Bucharest to the Austrian group Uniqa in the largest real estate transaction in Romania of the year to date. Completed in 2019 and with a leasable ...

Bucharest, April 2021: Cushman & Wakefield Echinox expands its business consultancy services, to assist customers and partners in obtaining international LEED, WELL and BREEAM certificates, both for existing and pipeline office, retail or industrial-logistical buildings. In Bucharest, over 60% of the modern stock of office spaces consists of green certified buildings, given that most of the projects developed in the last 5-7 years have ...

Bucharest, April 2021: Mendeleev Office 5 office building, developed by Akcent Development in the center of the Capital and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted two new tenants, reaching an occupancy rate of 70%. The new tenants are OTOTO Store, a coffee store and shop that sells a wide range of independent brands that include specialty coffee, ...

Bucharest, February 2021: The demand for office spaces in Bucharest will increase by 20-30% this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants. During 2020, the transactional volume decreased by 40%, up to 237,000 square meters, amid the Covid-19 pandemic that caused most ...

Bucharest, February 2021: In the last quarter of 2020, in Bucharest there were transactions of office spaces with a total area of ​​77,000 square meters, the highest quarterly value of the year, thus bringing the annual volume of transactions to approximately 237,000 meters squares, according to the real estate consulting company Cushman & Wakefield Echinox. Compared to the previous year, the transactional office area ...

Bucharest, January 2021: In 2020, the total volume invested in real estate assets in Romania reached €914 million, a 28% increase compared 2019, illustrating the overall resiliency of the Romanian investment market during the Covid-19 pandemic, according to the Romania Investment Marketbeat launched by Cushman & Wakefield Echinox real estate consultancy firm. The most active segment was by far the Office sector, with estimated ...

Bucharest, January 2021: The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage Floreasca Park office project located in the Floreasca – Barbu Văcărescu area in the north of Bucharest, the largest business hub in the Capital. Cushman & Wakefield Echinox will have responsibilities in the management of the daily administrative-operational activity within the project, through a team of specialists ...

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage the Ţiriac Tower office building, one of the emblematic buildings situated in the business center of Bucharest (Central Business District), starting with October. As a result, Cushman & Wakefield Echinox will be responsible of the management of daily administrative-operational activity within the project, through a team of ...

Bucharest, December 2020: The occupancy costs of office spaces represent, on average, between 3 and 4% of the turnover of services companies in Bucharest, and they may fall even below 2%, in some cases, according to an analysis of the real estate consultancy company Cushman & Wakefield Echinox. The analysis takes into account the results from 2019 achieved by companies in various fields, such ...

Bucharest, November 2020: The office market in Bucharest continues to grow, in the first nine months of the year being delivered new spaces with a total area of ​​124,000 square meters, while developers have in various phases of construction buildings with a cumulative area of ​​388,000 square meters, according to real estate consulting company Cushman & Wakefield Echinox. The commercial stock (for leasing) of ...

Bucharest, October 2020: Half of the employees who normally work in office buildings continued to work mainly from home even after the state of emergency was lifted, despite the fact that, during the summer, most companies began to bring back their employees partially or through rotation in the office spaces, as shown by a research study conducted by Cushman & Wakefield Echinox regarding the ...

Bucharest, October 2020: The Râul Doamnei – Eroilor section of the M5 metro line, inaugurated in September, will shorten the travelling time for 150,000 Bucharest inhabitants who live near the 10 newly built stations, also offering a quick travel alternative for almost 20,000 employees working in companies whose office buildings’ headquarters are located in the Eroilor – Progresului – Politechnica areas. The Râul Doamnei, ...

Bucharest, September 2020: HARTMANN, the German company with over 200 years of tradition in the research and development of medical products, moves its office in Bucharest within the IRIDE Park project owned by Immofinanz. HARTMANN leased a 500 square meters workspace in the myhive IRIDE | nineteen office building, the transaction being brokered by the real estate consulting company Cushman & Wakefield Echinox. The ...

Bucharest, August 2020: The office market in Bucharest and in the major regional cities – Cluj-Napoca, Timișoara, Iași and Brașov – continues to develop, with local and foreign investors having projects under construction or scheduled for delivery with an area of approximately 500,000 square meters that will be put into use in the next 16 months, according to Bucharest Office Market and Office Regional ...

Bucharest, February 2021: The demand for office spaces in Bucharest will increase by 20-30% this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants.

Bucharest, February 2021: The demand for office spaces in Bucharest will increase by 20-30% this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants.

Bucharest, February 2021: The demand for office spaces in Bucharest will increase by 20-30% this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants.