In the large Romanian cities, such as Timisoara, Cluj-Napoca, Iasi and Brasov, companies are already developing office buildings totaling 200,000 sqm of offices that will be delivered in the next 18-24 months. Thus, companies will start focusing on other towns with universities, such as Craiova, Oradea, Targu Mures, Bacau and Galati.
According to real estate consultants, the outsourcing segment remains on top of office space transactions, with approximately 45,000 sqm net demand of 175,000 total demand in Bucharest.
“The outsourcing companies’ perception about Romania has considerably changed in recent years, and our country proved it is a successful destination, in terms of human resources quality and costs with office spaces and employees. The industry itself has evolved from a cost-related approach to a rather quality-based approach,” said Ramona Marusac, Associate Director Colliers International.
Romania is the 13th best destination for investments in services in the world, having climbed five positions in the raking compared with 2015, according to the “Global services location index 2016” of management consulting firm A.T. Kearney. Thus, Romania outranks Hungary (32nd), the Czech Republic (26th) or Ukraine (24th). Only Poland (10th) and Bulgaria (12th) are better positioned than Romania in Europe in 2016.