The shared office concept expanded to 39,000 sqm in the last decade

The concept of co-working and shared office spaces entered the Romanian market in 1998, when the Belgian group Regus opened its first location in Bucharest. Since 2008 to 2017 the total surface occupied by co-working operators grew from a little over 2,500 sqm to over 39,000 sqm and the network expanded to regional cities like Cluj-Napoca and Iasi, according to Business-Review.eu.

The expansion was influenced by the development of the IT&C industry, the need for spaces where creative individuals can meet and collaborate and most importantly by the new generations‘ inclination towards alternative professions, which no longer require a steady workspace and a traditional working schedule.

2018 has been a turning point for co-working and shared office spaces in Romania. In the first half of the year alone, the surface dedicated to co-working spaces rose by 58 percent, reaching almost 68,000 sqm in July.

Bucharest is the main market for co-working spaces, with a 79 percent share in total. In 2018, shared spaces operators rented over 24,000 sqm in Bucharest, ranking 3rd in the leasing activity top for H1, after the IT&C and Energy sectors. The capital city is also the target market for international players within this segment, while the owners of co-working hubs in the regional cities are mainly young, local entrepreneur.

While still a niche segment in 2017, this year’s rise of the concept proves that co-working is here to stay. Compared to other CEE markets like Poland (with 340 co-working locations) and the Czech Republic (with 112 co-working locations), the Romanian market (with 80 co-working locations) is young and has a lot of potential.

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