In the second quarter of 2020 four two office projects were completed In Bucharest, with a total GLA of more than 28,000 sqm, of which around 72% is already pre-rented.
In Q2 2020, the demand for modern office space in Bucharest was 26,400 sqm. Net take-up represented 73% of the total volume. The most sought-after areas were the Center-West, with 38% of the companies preferences for renting new spaces, followed by Center-North with 36% of the total rented area.
The most active occupiers were companies from the Technology and Telecommunications sector – 29% from the total take-up, followed by companies from Medical&Pharma with 27% and Finance/Banking/Insurance with 18%.
Main Transactions in Q2 2020
Main Projects to be delivered in 2020
By the end of 2020, over 200,000 sqm of modern office space is forecasted to be completed.
The map shows the rent levels by class in main business areas, in the second quarter of 2020. During the year, some adjustments might take place.
In Q3 2023, the total volume of transactions on the Bucharest office market reached 165,480 sqm, close to the total for the first semester of the year. The most sought-after area in Q3 2023 was the Central-South one, which though only 5 transactions concentrated 37% of the volume of (Pre) Lease & Expansions The IT&C […]
In S1 2023, the total volume of transactions on the Bucharest office market reached 176,900 sqm. The most sought-after area in S1 2023 was the Central-North one, with 69% of the total (Pre)Lease & Expansions volume. The IT&C industry had clearly led the office market in S1 2023, with 35% of the newly leased areas. […]
The distribution of the tenants according to their sector of activity was very balanced in this quarter. The most sought-after area was the Center-North, with 71% of the companies’ preference for renting new spaces. At the end of the first quarter of 2023 in Bucharest, three office buildings were completed, with a total leasable area […]