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.
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%.
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 […]
107,000 sqm of office spaces delivered in 2022, 60% less than in 2021 and almost 50% less than the 5 years deliveries average Over 93% of spaces were delivered in the 1st Semester (approximately 100,000 sqm) 90% of the new spaces are in office buildings that are part of business parks For 2023 and 2024, […]
The third trimester of 2022 in the office market in Bucharest is distinctive by the large proportion of lease contract renewals in current spaces, adding up to almost half of the total leased area. Professional Services was the most active industry in the 3rd quarter, with 37% of the transactions, after the first half of […]