Office building utilisation in Romania grows in Q1 2024

28
May
2024
News - Office building utilisation in Romania grows in Q1 2024 #Brașov #Bucharest #Cluj-Napoca #Colliers #Oana Adjudeanu #office #Romania #Timișoara

by Property Forum | Office

The number of employees working in office buildings rose from 40% in Q1 2023 to around 55% in Q1 2024 in the projects managed by Colliers in Romania.


The agency provides asset services for nearly 600,000 sqm of office spaces in Bucharest regional cities of the likes of Cluj-Napoca, Timișoara and Brașov.

This development is also reflected in the analysis of traffic at the main metro stations in Bucharest, where significant changes in peak-hour flows to and from work have been noted.

“A clear sign that the office is no longer seen as a cost centre, but rather as an essential space for people to connect and work to their full potential through new office life experiences, is the emergence of new positions in corporate organisation charts, such as Workplace Experience Manager. Another important trend is large companies’ requirement for a minimum number of days in the office,” said Oana Adjudeanu, Head of Business Operations Asset Services at Colliers Romania.

A growing number of companies in Romania have ongoing hybrid work arrangements, which includes two to three days spent at the office.




Latest news


New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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