In the third quarter of 2019, two new office projects were completed In Bucharest, with a total GLA of 59,000 sqm, of which around 78% is already pre-rented. The demand was high in other cities as well, 33% of the total net take-up being located in Cluj-Napoca, Timisoara and Iasi.
In Q3 2019, the demand for modern office space in Bucharest was of 64,700 sqm. Net take-up represented 74% of the total volume recorded and consisted mainly of pre-leases and new operations. The North area was the preferred one, with 43% from the net take-up, followed by the downtown area with almost 29% of the leased surface.
The most active occupiers were companies from the Technology and Telecommunications sector – 40% from the total take-up, followed by companies from Construction & Real Estate, FMCG and Professional Services.
Main Transactions in Q3 2019
Main Projects to be delivered in 2019
By the end of 2019, over 300,000 sqm of modern office space is forecasted to be completed. Due to the high number of office projects under development, rental levels are forecasted to remain stable. Demand for quality office space is projected to follow the same positive trend going forward.
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 […]