Bucharest Office Market Snapshot Q1 2020

Overview

In the first quarter of 2020, four new office projects were completed In Bucharest, with a total GLA of 76,000 sqm, of which around 57% is already pre-rented.

Download the Bucharest Office Market Snapshot in Q1 2020

Occupier focus

In Q1 2020, the demand for modern office space in Bucharest was of 51,400 sqm. Net take-up represented 73% of the total volume. The Central-West area was the preferred one, with 36% from the net take-up, followed by the Central-North area with almost 27% of the leased surface.

The most active occupiers were companies from the Technology and Telecommunications sector – 47% from the total take-up, followed by companies from Finance/Banking/Insurance and Transport & Cargo.

Main Transactions in Q1 2020

Office market first quarter 2020

Main Projects to be delivered in 2020

office buildings delivered 2020

Outlook

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 first quarter of 2020. During the year some adjustments might take place.

ESOP Partners in time

Esop partners

ESOP’s portfolio includes, in addition to office buildings for rent in Bucharest, office spaces for sale in Bucharest, industrial parks and warehouses for rent, as well as office spaces for rent in the main cities of the country.

If you would like more information, please contact the ESOP team by filling this brief form, or by phone (+4) 0723.26.61.97 or (+4) 021.528.04.40. We’ll promptly answer your inquiry!


Mirela Raicu

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.

Postari similare

Bucharest Office Market Snapshot in the third quarter of 2020


An Esop Consulting office market study for Bucharest in the third quarter of 2020 the demand for modern office space in Bucharest was of 56,400 sqm 52% of the clients opted to renew the contracts in the current locations Download the ESOP_Office Market Snapshop_Q3 2020 Overview In the third quarter of 2020, Campus 6.3, an […]


Read more

office market study Bucharest 2020

Bucharest Office Market Snapshot in second quarter of 2020


An Esop Consulting office market study for Bucharest in the second quarter of 2020 the demand for modern office space in Bucharest was of 26,400 sqm 72% of the surface of office buildings completed in the second quarter is already rented Download ESOP_Office Market Snapshop_Q2 2020 Overview In the second quarter of 2020 four two […]


Read more

The Office Market in the beginning of 2020


In 2019, 295,000sqm of office space were delivered, increasing by 54% compared to the area delivered in 2018. For 2020, it is expected to complete more than 265,000 sqm of office space in business centers, while for 2021 a total volume of 386,000 sq m is announced. Approximately 52% of the spaces that will be […]


Read more

Join the discussion

*/ ?>