Bucharest office market: At least 130 new jobs created by each new lease signed
12-02-2018
Each new office leasing contract signed in Bucharest last year created at least 130 new jobs. Dimitrie Pompeiu and South sub-markets made the top, with more than 200 new jobs per transaction, according to the latest JLL market report. As a result, office net take-up in Bucharest (expansions and new leases) reached 171,000 sq m, a 10% increase when compared with 2016. The average leased office area was of ca.1,300 sq m, resulting in an equivalent of 130 new jobs created for each company. New demand accounted for 48% of the total take-up registered last year whose value reached 350,00...
Almost €1 billion euro invested in Romania property in 2017
25-01-2018
Property investment volume for Romania is estimated at almost €1 billion last year, a value ca.10% higher than the one registered in 2016 (€890 million). Romania accounted 8% of the total investment volume recorded in CEE Region, of €12.98 billion (3.3% increase over 2016). The growth of the Romanian market exceeds the increase of the CEE volumes, but local market is still under its potential. The full year breakdown saw Poland and the Czech Republic each record new second best ever volumes with a regional share of 39% and 27% respectively. These were followed by Hungary (...
Bucharest office market: Demand exceeds the new offer over 4 times
18-07-2017
Net take-up of office spaces in Bucharest amounted almost 80,000 sqm in the first half of the year, meaning that an additional 10,000 jobs were created, given that companies usually allocate for each employee some 8 square meters. In total, gross take-up reached in this period of time 185,000 sqm, a slightly decrease when compared to first 6 month of last year (192,000 sqm). Development activity remains low, with only 43,000 sqm of new office spaces delivered in H1 in Bucharest out of 140,000 sqm expected for the entire year. Total demand exceeded the new offer over 4 times. The largest pro...
JLL is the property management company of Swan Office & Technology Park
05-01-2017
International advisory firm JLL has been selected by the new owner of the SWAN Office & Technology Park as property and asset manager of the office building located in the North part of Bucharest. JLL's responsibilities comprise maintaining excellent relations with tenants and extensive operational management services including overseeing subcontractors and maintenance costs. ”This is the second contract won by the JLL’s Property Management Department in the last 4 months. With this contract, the managed portfolio of the JLL in Romania grew at more than 200.000 sqm. SWAN Office ...