ARTICLES LABELLED WITH TAG IT

Demand for office space in Bucharest dropped by one-third in 2025, primarily due to reduced activity from IT companies, which generated only 10% of total leasing in the first nine months - the lowest level since 2010. Companies leased approximately 150,000 sqm of office space, while new demand fell by almost 30% to under 60,000 sqm.

Romania is increasingly attracting international investors due to its competitive technological capabilities and a conducive ecosystem for AI development, finds a new CBRE report.

Real estate group Wing has announced the transformation of its Budapest-based HOP office complex into HOP Technology Office Park.

Sofiab-based IT coworking operator Puzl CowOrKing will open a new location in Budapest as part of its CEE expansion strategy. 

Companies in the IT&C sector had a share of 32% in Bucharest’s office lease market in Q1 and generated 93.6% of new leasing transactions in regional cities such as Cluj-Napoca, Iași, Timișoara and Sibiu.

Globe Trade Centre has launched a new app – “Welcome GTC” – to ease access to building amenities and engage tenants with a more comfortable and safer workplace experience. The app is available for tenants of GTC’s properties in Poland – Aeropark in Warsaw, Globis Poznań and University Business Park in Łódż. The end goal of GTC is to introduce “Welcome GTC” to all properties across Poland and CEE in the future.

Starting already from June 14th this year, customers can do shopping within seconds in the first Żappka Store opened within the premises of the Poznań International Fair. The Żappka Store is usable with an application and it has neither checkouts nor attendants. Because the facility is available 24/7, customers can use it at any time of day or night.

Online retailer eMAG will invest €1.5 million in upgrading its HQ building to accommodate the hybrid work system as it aims to make the program permanent for more than 3,000 employees. The HQ will be transformed into a collaborative workspace and will be fitted with technology systems that support the mix of office and remote work.  

The top 50 largest technology companies in Romania, which realise software and digital solutions for group companies or for third parties, have increased their turnover and teams in Romania by approximately four times in the last ten years, reaching a cumulative turnover of €3 billion and over 50,000 employees in 2019, according to a Cushman & Wakefield Echinox analysis.

CBRE has published its inaugural Understanding European Technology Clusters report, highlighting the vibrancy and rapid growth of Europe’s tech sector. The report analyses the characteristics of tech clusters and explores future opportunities among high-performing, and emerging, tech cities across Europe.