Fortim Trusted Advisors | Romania Feed

The overall volume of office spaces leased outside Bucharest is rising and 82% of the total area is in Cluj-Napoca, reveals an analysis by Fortim Trusted Advisors, part of BNP Paribas Real Estate Alliance.

Companies in 2023 leased fewer office spaces outside Bucharest, with regional hubs generating just 18% of Bucharest volumes, as part of major deals underway were postponed to 2024, reveals a survey conducted by Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.

In 2024, office building owners will face two challenges, namely, carrying out negotiations with banks to refinance outstanding loans in parallel with the renegotiation of lease agreements with existing tenants, according to an analysis by real estate consultancy company Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.

Bucharest remains the most dynamic city in the area of office leasing, but its weight in overall deals shrank in 1Q/2023 to 75% from 84% in the year-earlier period, with companies also focusing on Timisoara, Iasi and Cluj-Napoca, reveals an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

Real estate investments in the first quarter of 2023 topped EUR153 million, up 72% from the same period of last year, reveals an analysis by Fortim Trusted Advisors, a member of the BNP Parisbas Real Estate Alliance.

The ranking of cities with the most modern commercial spaces is led by capital Bucharest which is followed by Timisoara, Cluj-Napoca, Iasi, Constanta and Brasov, considering that investors exponentially increased the number of retail parks and the total surface area of new spaces delivered in shopping centers over the last three years and for 2022, it is estimated a record area, as per data from Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.