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.




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New leases

  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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