The crisis is not the only reason for the spaces left unoccupied in the market The office market is facing the highest vacancy rate in the last 5-7 years. Over 390,000 sqm are available in the market, in approx. 320 office buildings. And yet, the economic crisis is not only responsible for this situation. However, […]
by Maria Neda
A new trend in the office market. Sublease Due to the new market conditions generated by the global economic and financial crisis, the companies’ first reaction was to “conserve resources” to overcome the crisis. That is why most companies have given up or postponed plans to expand their business. In this context, a series of […]
by Maria Neda
In the first part of the year, the early negative signals of the world economic crisis we are facing were felt. There was a visible contraction of the economy in all segments by decreasing demand. The office market also registered a substantial decrease in demand in all sectors. Compared to 2008, there is a decrease […]
by Maria Neda
Despite the high vacancy rate on all office segments (class A ~ 8-10%, class B and C ~ 12-14%, villas 25-30%), only 30% of owners are aware of the new market conditions and act accordingly. They make efforts to adapt their offers to follow the new realities of the market and not be left with […]
by Maria Neda
In the current context of the crisis, real estate developers are thinking of innovative solutions to ensure their maintenance on the market while limiting their business risk. Some developers, both office and residential (given that demand is declining), came up with the idea of building on demand and according to the needs of a customer. […]
by Maria Neda
Medium and large companies are looking for more flexible rental conditions The current economic context has led in the first 4 months of 2009 to a slowdown in the relocation process of medium and large companies. The companies that aimed to expand the activity on the Romanian market or to find a more representative headquarters […]
by Maria Neda
The increase in the stock of offices, both the case of office buildings and villas and the declining demand in both the SME and corporate segments, have led to much greater competition than in the past between properties. A few months ago, it was enough to have a salable offer to rent in 1-2 months. […]
by Maria Neda
Even though all real estate segments are affected by the crisis, the office rental sector continues to hold the flag high. There is movement on the market, even if the demand decreased by 25-30% compared to last year. Many of the clients have realized that now you can benefit from opportunities in the office market. […]
by Maria Neda
Fit-out costs an essential point in selecting a new location Financial constraints cause most customers in the SME area to move, not necessarily because they have a real need for more space, but because they want to optimize their costs. The costs of rent and maintenance are important. Still, in case of a move, the […]
by Maria Neda
Will tenants manage in the context of the crisis to negotiate the limitation of the application of triple net and open-book rents? We all know that signing a lease attracts not only the rent but also the maintenance costs, and the budgeting of the costs with the headquarters must take both types of expenses into […]
by Maria Neda
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