In the third quarter of 2021, four office projects were completed in Bucharest: J8 Office Park with Buildings A and B, the first phase of U-Center – Building A, Globalworth Square and Politehnica Business Tower. All these projects totaled an area of approx. 120,000 sqm, representing a record level of deliveries – approx. 44% of the total estimated for 2021.
In Q3 2021, Bucharest was rented a total area of 79,270 sqm of modern office spaces, out of which 34% were represented by the renewal of lease contracts in the current premises and 66% net take-up (newly contracted offices and expansions in the existing ones).
The most sought-after area was the Central-North one, with 61.7% of the companies’ preferences for renting new spaces, followed by the Downtown area with 12% and the North area with 10.6%.
The most active tenants were companies in the Medical & Pharma and IT&C/BPO/SSC sectors, with 36% and 18% of the net take-up, respectively.
By the end of 2021, over 100,000 sqm of modern office space is forecasted to be completed, with the largest surfaces in One Cotroceni Park, phase 1 – 46.000 sqm, and MIRO – 22.850 sqm.
The map shows the rent levels by class in the main business areas. By the end of 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 […]