CBRE: Companies are interested in flexible offices in the south of Bucharest, the residence area for 50% of the employees working in the north
CBRE advised the flexible space provider Regus in the opening of the 12th center, for the Sun Business Center project, located within Sun Plaza shopping center. The decision of Regus welcomes the demand for flexible spaces from companies in the northern half of the city, in order to provide an alternative for the employees living in the southern area, their share being estimated at 50% of the total staff.
The new flexible office center inaugurated by Regus in Sun Plaza covers an area of 1,050 square meters and was opened to the public this year in May, offering both individual offices with natural light, as well as an extended coworking space, phone booth for quiet phone calls and meeting rooms. Sun Regus Center is aimed at companies headquartered in the north of Bucharest, who will offer a working alternative for employees living in the south, as well as for the small and medium-sized companies with offices in the southern area, who are looking for higher quality office space.
“Almost six months after the opening, we are pleased to see that Sun Regus Center attracts companies from the northern area as well as businesses within the vicinity of the project. We have clients whose activity requires their presence in the south and who were expecting a modern class A services included space, in this part of the city. Since the opening, different companies have already visited us, pertaining to various fields such as IT&C, manufacturing, tourism, retail and e-commerce”, stated Ramona Predescu (Iacob) Country Manager IWG (International Workspace Group), a company that owns the Regus brand.
IWG entered the local market in 1999, with the Regus brand, a pioneer in this niche, and in 2018 also launched Spaces in Romania, both of them being flexible workspace brands, designed to increase productivity and creativity, dedicated to companies and start-ups. CBRE and IWG have jointly carried out seven rental projects for new premises for Regus and Spaces, with a total area of over 15,000 square meters, which can accommodate about 1,500 jobs.
“We are noticing a high interest for the flexible offices located in the southern part of Bucharest. We are negotiating with several north-based companies who consider the fact that over 50% of the employees live in the southern half of the city and try to offer them more options for their workspaces”, stated Vlad Damian, Head of Advisory & Transaction Services, Investor Leasing, CBRE Romania.
The new Regus center benefits from the immediate proximity of the shops and services of Sun Plaza, also having direct access from the shopping center to the M2 subway, which swiftly connects Sun Plaza to the office hubs of Piața Victoriei, Aurel Vlaicu and Pipera, as well as to the important universities in the areas Piața Romană and Universitate.
“The market for flexible and coworking spaces has rapidly expanded in Bucharest in recent years, so we have over 40 spaces occupying a total area of about 70,000 square meters, according to CBRE Research data. There are countless options in almost all areas of the capital, with different service packages and budgets and we notice that more and more companies offer employees the opportunity to save time, to work closer to home and to be part of a business community at the same time”, added Vlad Damian.