The Office Market in the first semester of 2018

Upward trend of annual office deliveries – 55% increase in 2018

Of the 224,000 sq m to be delivered by the end of 2018, 84% will be delivered in the second half

Over 75% of the spaces delivered in H1 2018 are pre-rented and also 57% of those with delivery in H2 2018

48% increase in (Pre) Rents & Extensions in H1 2018 (compared to H1 2017)

Download the study The Office Market in the first semester of 2018

THE OFFER

Growing trend of annual office deliveries – 55% growth in 2018

  • From the 224.000 sqm to be delivered by the end of 2018, 84% will be delivered in the second semester
  • Only 36.000 sqm were delivered during the first semester, considering that 4 projects, with a total of 96.000 sqm, were delayed
  • The only big project delivered in S1 is Globalworth Campus – Building B (28.600 sqm)

New Spaces – high pre-leasing rate

  • Over 75% of the delivered spaces in S1 2018 are pre-leased, as well as 57% of the ones expected in S2 2018

Key Projects with Delivery in 2018

office buildings Bucharest 2018

THE DEMAND

  • 48% growth of (Pre) Leases & Expansions in S1 2018 (compared to S1 2017)
  • Decrease by 59% of the Renewal / Renegotiation transactions
  • Stable total transactional volume in S1 2018 vs. S1 2017

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.

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