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News from Members Balance Sheet for the First Three Quarters of 2013: Demand for Medium Offices, Plus 14%

Balance Sheet for the First Three Quarters of 2013: Demand for Medium Offices, Plus 14%

by Esop Consulting November 11, 2013

Website www.esop.ro

During the first nine months of 2013, the SME’s demand for office areas, registered by ESOP Consulting, was 424,906 sqm, i.e. 14% more than that of the first three quarters of 2012.
The volume of transactions at the company level increased during the first nine months of 2013, compared to the same period of 2012.

“2013 is characterized by an intensification of relocation intentions. Although, probably, some of these will materialize in transactions concluded in the first part of 2014, one may notice a higher level of confidence on behalf of the managers, in the perspectives of their own companies and the re-launching, by many of them, of their business development plans. Unlike the previous year, the reasons for relocation are more frequently related to the need to expand the office area and increase employees’ comfort”, declared Alexandru Petrescu, Managing Partner at ESOP Consulting | CORFAC International.

Demand structure and evolution during the first nine months, by budgets
During the first nine months of this year, the total volume of office demand has increased within all budget segments, thus confirming the predication regarding a better year than the previous one, on the office market.
Still the largest number of customers manifested their interest in office areas below EUR 11/sqm/month, more specifically 54% of the total volume of this period’s incoming requests were related to the budget segment below EUR 11/sqm/month.

ESOP Consulting continues to strengthen its position as a leader within the medium companies segment
During the first nine months, ESOP concluded by 20% more transactions than in 2012, with a number of 81 transactions in 2013, compared to 67 in the same period of 2012.
“2013 is a more dynamic year, one can sense a positive tonus among the decision makers from medium companies. On the medium term, it will be difficult to balance the wide gap between the demand and supply, therefore we recommend the owners of office areas to remain open, flexible and look for constructive solutions,” declared Alexandru Petrescu from ESOP.
About ESOP Consulting l CORFAC International

ESOP is one of the main real estate consultants, working for 11 years in the office and residential market. ESOP is a leader on the segment of office leases to midsize companies, offering solutions both to medium and big companies which are in full expansion or wish to optimize their rental costs, and to Romanian start-ups and foreign representative offices opening subsidiaries in Romania.

Starting with 2013, ESOP has operated in association with CORFAC International - Corporate Facility Advisors – an alliance of entrepreneurship real estate companies committed to deliver high quality services at a local, national and international level. As a Principal Member of FIABCI (The International Real Estate Federation) – and through the affiliated independent companies operating on key-markets around the world, CORFAC International provides real estate services covering 61 locations from North America and over 65 other countries worldwide. In numbers – more than 8,500 transactions every year, totalling 55 million sqm and evaluated at more than $5.2 billion.

ESOP Consulting/CORFAC International can provide solutions to any type of company, by accessing the largest database containing 760 business centres and 1,940 villas, i.e. more than two million sqm of office areas. In time, ESOP has assisted medium and big companies, whose transactions totalled over 250,000 sqm of office areas, some of the companies which relocated their offices through ESOP being: COSMOTE, ENEL, IPSOS Interactive Services, KONICA MINOLTA, MEGA IMAGE, SBS Broadcasting, LUGERA & MAKLER and others.
PR & Media Coordinator ESOP

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