about us | newsletter | contact | archive | members area
Marius Nedelcu, TransferGo
Cash will become obsolete and this will be the result of digital finance advancement»

DTZ Research: Romanians cram within a working space of 11 sqm

People working within Bucharest-based offices cram within a space of around 11 sqm, while Bucharest is Europe’s cheapest city regarding the total occupancy costs, ranking after Budapest, Talin and Vilnius according to the latest office market research of DTZ real estate consultant.

February 2012

For instance, Romanian’s offices deliver a 11 sqm space utilisation per worker, at a prime rent of EUR 19 and a total occupancy costs of EUR 23. In comparison, offices in Poland delver 12 sqm for a working space, while Czech Republic deliver 14.8 sqm. The total occupancy costs for offices in Czech Republic are estimated at EUR 26.7. In the same time, DTZ’s ‘Global Occupancy Costs – Offices DTZ’s ‘Global Occupancy Costs - Offices’ report reveals that average occupancy costs per workstation in Europe increased (in local currency) by a mere 1 percent during 2011, as mounting concerns over the European sovereign debt crisis stalled occupier activity. As a result, occupier costs decreased across the majority of markets. Furthermore, many occupiers are focusing on cost control and efficient space use, rather than expansion. As such, space utilization standards have fallen, on average, by -2 percent. DTZ specialists expect Budapest to become the most affordable location in Europe by 2016, overtaking the Baltic states of Tallinn and Vilnius. In contrast, London West End will continue to be the least affordable market, with Geneva the least affordable on the continent. Other markets expected to experience increases of 4 percent are Dublin, London and Vilnius. Rome and Milan will see further decreases in cost, as the financial markets in Italy struggle to recover.

There are 0 comments:

Validation Code

0 Comments  |  6212 Views
Daily Info
New car sales increase by over 20 per cent in Romania in the first quarter

New vehicle sales in Romania increased by 20.3 per cent in the first quarter of this year compared to the same period of 2017, reaching almost 36,000 units, according to data ...

Turkish Opsan leases 5,000 sqm in CTPark Pitesti

Turkish car parts maker Opsan has leased 5,000 square meters of industrial space in CTPark Pitesti, the project developed by CTP.

Around 35 percent of the Romanian roads are covered with stone and soil, statistics show

Romania has made little progress last year in modernizing its infrastructure, official statistics released on Wednesday showing that 35 percent of the roads are covered with s...

Banca Transilvania posts 366 million RON profit in Q1

Banca Transilvania registered a net profit of 366 million RON (78.7 million Euro) in the first quarter of this year, up 48.7 percent from the same period of 2017, due to risin...

Garanti Bank grants 2 million Euro for the development of the Anima clinics network

Garanti Bank recently granted a 9.3 million RON (2 million Euro) investment loan and working capital facility to Anima, part of Medlife Group, for the development of its netwo...





More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.


TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...

1 Comment

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian ...

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, ...

1 Comment