With an area of 171,341 sqm, nine office buildings have space deliveries scheduled for the next year in Bucharest. All have construction works on time, and five of them have pre-leased spaces that reach approximately 60,000 sqm. As a novelty, more of the buildings have outdoor terraces, more generous than in the past. Furthermore, these […]
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 […]
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 […]
Overview 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. Download the Office Market […]
Overview In the second quarter of 2019 five new office projects were completed, with a total GLA of 100,000 sqm, of which around 55% being already pre-rented. In this quarter some companies opted to maintain their current office space, the expansion and renewal transactions adding up to 39.000 sqm. Download The Office Market Snapshot-Q2 2019 […]
Overview In the first quarter of 2019, the total stock of office space in Bucharest exceeded 3 million sqm. In terms of new supply, three office projects were completed, with a total GLA of 92,000 sqm. Demand continued to be strong, with pre-letting activity accounting for 35% of the total volume transacted. Prime rents are […]
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 2014 Total Leasing Activity (which includes both Take-up and transactions for Premises Renewal), was maintained at a relatively constant level, recording even a slight increase (by 4%). Structurally, there has been a significant modification within it, namely an increase in the percentage of Take-up, which in 2014 represents 76% of the Leasing Activity, and […]
Probably the most remarkable aspect is the fact that, in 2013, the Total Leasing Activity (including both Take-up and Renewal & Renegotiation) was slightly revitalized, this trend being also anticipated by the increase of the relocation intentions in 2012. Thus, the Total Leasing Activity exceeded 293,000 sqm, i.e. 23% higher than the previous year, and […]
Office Transactions at the End of the First Semester of 2013 During the first semester of 2013, the Take‐up on the Bucharest market (including leases in existing buildings, pre‐leases and expansions) amounted to 66,089sqm, from a total number of 107 transactions. In addition to these, contract Renewal transactions amounted to 37,361sqm (17 transactions). Download The […]
