Top Companies That Pre-Lease Offices: It&C, Bpo, and Finance & Banking

PRESS RELEASE, 28/02/2018

Top domains from which most companies that pre-rent offices come from IT&C, BPO, and Finance & Banking

The first place in the top of the fields that rented or pre-rented new office space is the IT&C field. The companies with this profile signed 51% of the total area included in all rental and pre-lease contracts from 2017.

In the second place, at a great distance in weight, with a total of 16% of the market is the field of Finance, Banking, and Insurance.

38% of the office spaces in Bucharest that are under construction and planned to be put into use in 2018 are already pre-leased since last year, according to an ESOP Corfac l International analysis.

In the first two months of 2018, the IT&C field dominates the demand for office space in Bucharest.

“Earlier this year, most companies looking for a new headquarters came from the IT&C sector. 89% of the total office space brokered by ESOP in the first two months, where new employees will move, has been reserved by IT&C companies. Among the office buildings chosen by ESOP, clients are Campus 6 and Timpuri Noi Square, state-of-the-art projects with many facilities for employees.

And further, we estimate that this trend will be maintained, so that three out of five companies looking for new offices that will sign leases in the next six months will be from the same fields IT&C, research and development, BPO, shared services, call-center or financial-banking field, in Bucharest and in the main university centers in the country”, says Alexandru Petrescu, Managing Partner at ESOP Consulting l CORFAC International.

In 2017, the share of contracts for renting, pre-renting, and expanding new office space in the total market increased by 74% compared to 71% in 2016, totaling over 228,000 sqm of the total of approx. 308,000 sqm traded.

The center-north area was in the first place in 2017 in the preferences of tenants.

In terms of areas of interest, most new office contracts (lease, pre-lease, and extension) were registered with office space in the center-north area, with a total of 135,168 sqm, followed by the second place of the center-west area with a total of 49,361 sqm and on the third place the center-south area with 23,373 sqm.

This top mostly followed the top of the areas where the most deliveries of new modern office spaces, class A and B, took place in 2017.

In 2018, the center-west area will have a higher share in the total rented spaces, given that 56% of the projects completed in 2018 are concentrated in this perimeter.

2017 was a record year for ESOP

The company’s turnover in the ESOP group was 1.5 million dollars in 2017, the highest recorded in the last 16 years, 85% of revenues coming from the intermediation of office space, and the rest from sales-purchases of real estate.

ESOP mediated in 2018 transactions of office space totaling over 44,000 sqm.

The office rental segment remains the company’s main activity as a share in turnover. Still, in 2017, the Investment Department’s percentage also increased, which brokered real estate transactions in Bucharest with a total value of over 10 million euros.

If you need real estate consulting services, we would love to meet you! Send us an email, and we’ll be back in 24 hours:

Send your request

Maria Neda

PR & Media Coordinator, PR & Media Consultant, with background as a journalist in the economic press and experience as a consultant in Urban Development.

Postari similare

The share of IT&C tenants in the Bucharest office space market at the end of 2022 and forecasts for 2023

In 2022, the most active companies were those in the field of IT&C, BPO, and SSC, with 23% of the total volume of transactions, followed by those in the field of Professional Services with 17%. Among the companies that rented office spaces with significant surfaces in 2022, we mention EveryMatrix, Cegeka, Softbinator Technologies, Expleo, Infineon, […]

Read more

The Main Trends in the Office Space Market After the Start of the New School Year

Started progressively in the spring, the gradual return to the office is expected to register a new wave this autumn, with the opening of the new school year. The start of school can stimulate more employees to return to the office, especially employees who have children in kindergartens and schools located in the vicinity of […]

Read more

SEK Bucharest International School opens its first school from Romania, in Sema Parc

River Development announces that International Institution SEK Bucharest International School is opening its first school in Romania in a building in Sema Parc, for current educational activities and future expansion. The transaction was brokered by ESOP Consulting, a local real estate consulting firm. Founded in 1892, the International Institution SEK Bucharest International School offers its […]

Read more