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Analysis: 88% Of Office Space In Bucharest And 70% In Cluj For Rent, The Rest Is For Sale
In capital Bucharest, 88% of office space is for rent and in Cluj, only 30% of buildings are for sale, according to an analysis by the administrators of real estate platform Wizmo.ro and rea...
Piraeus Bank: Companies Willing To Spend More To Rent In Easily Reachable Locations
Piraeus Bank Romania was directly involved in the Landmark office space project in Piata Romana area in downtown Bucharest, says deputy CEO Nikos Chaniotis, because more and more companies a...
Old Office Space Buildings Come With Highest Asking Rent
Seven of the ten most expensive office buildings in Bucharest by asking rent were built in very good locations before 2009, especially around Piata Victoriei, Piata Presei and Charles de Gau...
Globalworth Makes EUR1.5M Rental Income From Residential Property
Greek businessman Ioannis Papalekas, who established and runs property investment company Globalworth, makes EUR1.5 million income a year from renting 200 apartments in the Upground Towers c...
Low Supply Boosts Rents On 3 And 4-Room Apartments In Bucharest
Rents on three and four-room apartments in Bucharest increased the most in the past year in Bucharest, by up to 8%, on low supply, while rents on two-room apartments rose marginally and stud...
Office Building Owners In Bucharest Lose EUR100,000/Day On Vacant Spaces
The vacancy rate of the office buildings in Bucharest dropped towards 13% to 14% last year, but about 300,000 square meters are still empty, which translates into some EUR100,000 per day or...
75% Of Tiriac’s Stejarii Apartments Rented For EUR1,000 To EUR6,500/Month
Clubul Rezidential Stejarii (Stejarii/Oak Trees Residential Club) developed by businessman Ion Tiriac in the Baneasa Forest in northern Bucharest has reached 75% occupancy, four years from c...
Renault Technologie Roumanie Renews North Gate Lease For Four Years
Renault Technologie Roumanie (RTR), the engineering center of French carmaker Renault, will remain in the North Gate office building in Bucharest for another four years.
Office Rents In Romania Seen Rising In Next Quarter - Poll
Companies in real estate expect rents on the local office space market to rise in the next quarter, for the first time in the past years, as the gap between demand and supply of available sp...