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 Bucharest, was rented a total area of 80,400sqm of modern office spaces the most active tenants were companies in the Medical & Pharma sector, with 25% of the net take-up Download the ESOP study Office Market Snapshop in Q2 2021 Overview In the second quarter of 2021, one office building, Tiriac Tower, with a […]
An Esop Consulting office market study for Bucharest in the first quarter of 2021 the demand for modern office space in Bucharest was 52,000 sqm 73% of the spaces were rented in the Central-North area Download the ESOP study_Office Market Snapshop_Q1 2021 Overview In the first quarter of 2021, two office buildings were completed in […]
In 20 were delivered 157,000 sqm office spaces in business centers in Bucharest. For 2021 is expected the completion of 290,000 of office space in business centers, and a roughly equal volume for 2022. Approximately 31% of the spaces due in 2021 are already pre-leased. Download the market research The Office Market at the beginning […]