An Esop Consulting office market study for Bucharest in the third quarter of 2020 the demand for modern office space in Bucharest was of 56,400 sqm 52% of the clients opted to renew the contracts in the current locations Download the ESOP_Office Market Snapshop_Q3 2020 Overview In the third quarter of 2020, Campus 6.3, an […]
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 […]
Overview In the first quarter of 2020, four new office projects were completed In Bucharest, with a total GLA of 76,000 sqm, of which around 57% is already pre-rented. Download the Bucharest Office Market Snapshot in Q1 2020 Occupier focus In Q1 2020, the demand for modern office space in Bucharest was of 51,400 sqm. […]
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 […]
The large offer of office space that will be delivered in the period 2018-2019, will lead to the increase of rental transactions. The market will remain dynamic in 2018, and the completion of the 243,000 sq m (of which over 102,000 offset from 2017) will boost the pace of trading. Mature companies and a large […]
For the next two years, we estimate a greater dynamics of transactions on the office market, in the context of deliveries of new spaces at historical quotas, of approx. 400,000 in 2016, respectively 250,000 sqm in 2017. The high quality of these projects, as well as their more balanced distribution in the sub-markets in Bucharest, […]
