In the third quarter of 2020, Campus 6.3, an office building with a usable area of 17,600sqm was completed in Bucharest, the third stage of a multiphase project. The building was fully pre-rented.
Occupier focus
In Q3 2020, the demand for modern office space in Bucharest was 56,400sqm, the proportion being balanced between the renewals of the lease contracts in the current locations, 52%, and the renting of new spaces, 48% of the total traded volume. The most sought-after areas were the North and Center-North, with 60% of the companies’ preferences for renting new spaces, followed by the Center-West with 28% of the total rented area.
The most active occupiers were companies from the Professional Services sector, with 48% from the total take-up, followed by companies from Construction & Real Estate sector with 12% and Technology and Telecommunications with 12%.
Founder Partner of ESOP Consulting CORFAC International, coordinator of the Corporate Office Spaces division, with 18 years of experience in real estate consulting and entrepreneurship.
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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 […]