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.
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