107,000 sqm of office spaces delivered in 2022, 60% less than in 2021 and almost 50% less than the 5 years deliveries average Over 93% of spaces were delivered in the 1st Semester (approximately 100,000 sqm) 90% of the new spaces are in office buildings that are part of business parks For 2023 and 2024, […]
by Mirela Raicu 
For the year 2023, the delivery of only approx. 153,000 square meters of high-class office space. The pace of construction of office buildings has slowed down significantly in Bucharest in recent years, and 2022 was the first year in which this was visible. Some of the scheduled multiphase projects have postponed the development of the […]
by Mirela Raicu 
The third trimester of 2022 in the office market in Bucharest is distinctive by the large proportion of lease contract renewals in current spaces, adding up to almost half of the total leased area. Professional Services was the most active industry in the 3rd quarter, with 37% of the transactions, after the first half of […]
by Mirela Raicu 
Started progressively in the spring, the gradual return to the office is expected to register a new wave this autumn, with the opening of the new school year. The start of school can stimulate more employees to return to the office, especially employees who have children in kindergartens and schools located in the vicinity of […]
by Alexandru Petrescu 
The year 2022 has a positive evolution in terms of the level of transactions, in the first semester the total newly leased area in Bucharest is 41% higher than in the same period of 2021. Download the ESOP study_Office Market Snapshot_S1 2022 At the end of the first semester of 2022 in Bucharest, six office […]
by Mirela Raicu 
River Development announces that International Institution SEK Bucharest International School is opening its first school in Romania in a building in Sema Parc, for current educational activities and future expansion. The transaction was brokered by ESOP Consulting, a local real estate consulting firm. Founded in 1892, the International Institution SEK Bucharest International School offers its […]
by Alexandru Petrescu 
Even though the pandemic crisis has slowed the pace of construction of new office buildings, those delivered during the pandemic, or which are now under construction, have adapted to the new demands from tenants. As a result of the cessation of the state of alert starting with 09.03.2022 and the revocation of the restrictions for […]
by Alexandru Petrescu 
The year begins with a positive evolution in terms of the level of transactions, in the first quarter of 2022 being traded in Bucharest a total area 41% higher than in the same period of 2021. Download the ESOP study_Office Market Snapshot_Q1 2022 At the end of the first quarter of 2022 in Bucharest, five […]
by Mirela Raicu 
With a more relaxed pandemic context, without the obligation to wear masks indoors, companies, together with employees, decide whether to continue using the hybrid work system and which of the 5 hybrid work modes suits them best. It is possible that employees worked from several places during this pandemic period and returning to their usual […]
by Mirela Raicu 
New Deliveries in 2021: 263.000 sqm of office spaces in Bucharest, with 67% more than in 2020, and with 23% more than the last 5 years average deliveries Over 78% of the spaces got delivered within the second semester (approx. 207.000 sqm) New spaces had a more balanced distribution in terms of areas, compared to […]
by Mirela Raicu 
