In the first quarter of 2021, two office buildings were completed in Bucharest, Campus 6.2 and Matei Millo Novotel Offices, with a total leasable area of 29,700sqm, both being part of multiphase projects. The Campus 6.2 building was fully pre-rented and furbished according to the tenants’ specifications and the building on Matei Millo was, at the time of delivery, 80% rented.
In Q1 2021, in Bucharest, was rented a total area of 52,000sqm of modern office spaces, out of which 32% was represented by the renewal of lease contracts in the current premises and 68% net take-up (newly contracted offices and expansions in the existing ones).
The most sought-after area was the Central-North one, with 73% of the companies’ preferences for renting new spaces.
The most active tenants were companies in the IT&Communication sector with 46% of the net take-up, followed by companies in the Financial Services and Construction&Real Estate sectors, each with 10% of the leased area.
The year begins with a positive evolution in terms of the level of transactions, in the first quarter of 2022 being traded in Bucharest a total area 41% higher than in the same period of 2021. Download the ESOP study_Office Market Snapshot_Q1 2022 At the end of the first quarter of 2022 in Bucharest, five […]
New Deliveries in 2021: 263.000 sqm of office spaces in Bucharest, with 67% more than in 2020, and with 23% more than the last 5 years average deliveries Over 78% of the spaces got delivered within the second semester (approx. 207.000 sqm) New spaces had a more balanced distribution in terms of areas, compared to […]
A market study by Esop regarding the office market in Bucharest in the third quarter of 2021 In Q3 2021, in Bucharest, was rented a total area of 79,270 sqm of office spaces By the end of 2021, over 100,000 sqm of modern office space is forecasted to be completed Download the ESOP study Office […]