Since 2015, CBRE, the world’s leading national real estate consultant, has intermediated 22,000 mp of coworking workspaces for well-known firms Regus and Spaces. This includes spaces that have already opened and those that have been contractually renegotiated.
Both Regus and Spaces are owned by IWG (International Workspace Group), who also manages Basepoint, No.18, Signature, and Open Office.
IWG launched Romanian coworking trailblazer Regus in 1999 with Spaces entering the market just this year. Their partnership with CBRE marks the real estate firm’s push into the coworking space market.
“Our partnership with IWG, originally for the Regus concept and, since 2018, for Spaces, has been active for three years and has grown stronger over time. Collaboration with one of the largest providers of flexible working spaces makes us extremely proud,” said Victor Ripped, Business Development Executive of CBRE Romania. “It is a success not only for the CBRE portfolio, but also for the local market, which has managed to attract such an important player from a niche that has a growing share in the office space market.”
CBRE has 10,000 to 15,000 square meters planned for Regus and Spaces that are expected to be fulfilled in the next six to nine months.
Ramona Predescu Iacob, IWG’s country manager, said that coworking is the future of office space with younger generations seeking more flexibility and lower rental costs.
“The entry into the local market of a company with the experience and results of the IWG is an asset, especially since in about 10 years, according to our estimates, no developer will build an office building without including a flexible working space,” Iacob said.