The last decade has brought profound transformations to the Bucharest office space market, beginning with the years of accelerated expansion, supported by economic growth and the development of the IT&C sector, to the strong impact of the pandemic, which fundamentally redefined the way companies use workspaces. The first five years, 2015-2019, were defined by record […]
by Mirela Raicu
The office market in 2024 continued to be influenced by the persistence of hybrid work models in numerous organizations, particularly in the IT&C sector. Additionally, there was a temporary stagnation in investment projects by both international and local companies, in the context of a fragile economic and geopolitical climate, both domestically and globally. Download the […]
by Mirela Raicu
THE TRADING LEVEL IN Q3 2024 Rent transactions by Category In Q3 2024, the total office area rented in Bucharest reached 78.590 sqm. Download the ESOP study_The Office Market in Q3 2024 Out of those, 48% were (Pre) Lease & Expansion transactions, while 52% were Renewal & Renegotiation transactions in the current premises. (Pre) Leases […]
by Mirela Raicu
Vastint, the Swedish developer, started the second phase of the Timpuri Noi Square real estate project, an ambitious project located on the premise of the former Timpuri Noi factory in Bucharest. This stage of development will focus on constructing two new office buildings, with an estimated investment value of over 100 million euros and an […]
by Mirela Raicu
The developer Speedwell continues the procedures for authorizing the Queens project on Pipera Street, whose completion is estimated at the beginning of 2027. Located 10 10-minute walk from Promenada Mall and the subway station, Queens is shaping up as a mixed complex that will include offices, residences, commercial spaces, and a private medical clinic. The […]
by Mirela Raicu
THE TRADING LEVEL IN S1 2024 Rent transactions by category In S1 2024, the total office area rented in Bucharest reached 160.000 sqm. Of those, 54% were (Pre) Lease & Expansion transactions, while 46% were Renewal & Renegotiation transactions in the current premises. Download the ESOP study_The Office Market in S1 2024 (Pre)Leases & Expansions, […]
by Mirela Raicu
The City Rose Park complex, which remained in the project stage for several years, was returned to the table with a new concept and name, Spatio. Initially authorized in 2018 for three office buildings with a total area of 50,000 square meters, the project has been revised and is in the process of being authorized. […]
by Mirela Raicu
The Business Garden Bucharest project offers for rent office spaces with areas from 300 square meters and up to 2,300 square meters on one floor, currently available on several floors. Among these, some surfaces, of 1,800 and 2,300 square meters, are already fitted and furnished and can be taken over immediately. Business Garden Bucharest is […]
by Mirela Raicu
THE TRADING LEVEL IN Q1 2024 In Q1 2024, a total area of 87,316 sqm of modern office spaces were rented in Bucharest, of which approx. 52,000 sqm, representing 60%, were Renewal & Renegotiation transactions in the current premises, while 35,000 sqm, meaning 40% were (Pre) Lease & Expansion transactions. The most sought-after area of […]
by Mirela Raicu
2023 OVERVIEW 2023 brought deliveries of 130,700 sqm to the office market, which represented a 22% increase compared to the previous year. At the same time, however, compared to the average deliveries in the last 5 years (228,000 sqm), 2023 recorded a decrease of 43%. ✓ 68% of the 2023 deliveries took place in the […]
by Mirela Raicu
