market study

The Bucharest Office Market Update S1 2023


In S1 2023, the total volume of transactions on the Bucharest office market reached 176,900 sqm. The most sought-after area in S1 2023 was the Central-North one, with 69% of the total (Pre)Lease & Expansions volume. The IT&C industry had clearly led the office market in S1 2023, with 35% of the newly leased areas. […]


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The Bucharest Office Market in the 1st Quarter of 2023


The distribution of the tenants according to their sector of activity was very balanced in this quarter. The most sought-after area was the Center-North, with 71% of the companies’ preference for renting new spaces. At the end of the first quarter of 2023 in Bucharest, three office buildings were completed, with a total leasable area […]


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Bucharest Office Market Update in the Beginning of 2023


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, […]


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Bucharest Office Market Snapshot in the Third Quarter of 2022


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 […]


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Bucharest Office Market in the First Semester of 2022


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 […]


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Bucharest Office Market Snapshot in the First Quarter of 2022


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 […]


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Bucharest Office Market at the Beginning of 2022


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 […]


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Bucharest Office Market Snapshot in the Third Quarter of 2021


A market study by Esop regarding the office market in Bucharest in the third quarter of 2021 In Q3 2021, in Bucharest, was rented a total area of 79,270 sqm of office spaces By the end of 2021, over 100,000 sqm of modern office space is forecasted to be completed Download the ESOP study Office […]


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Bucharest Office Market Snapshot in the Second Quarter of 2021


in Bucharest, was rented a total area of 80,400sqm of modern office spaces the most active tenants were companies in the Medical & Pharma sector, with 25% of the net take-up Download the ESOP study Office Market Snapshop in Q2 2021 Overview In the second quarter of 2021, one office building, Tiriac Tower, with a […]


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Bucharest Office Market Snapshot in the First Quarter of 2021


An Esop Consulting office market study for Bucharest in the first quarter of 2021 the demand for modern office space in Bucharest was 52,000 sqm 73% of the spaces were rented in the Central-North area Download the ESOP study_Office Market Snapshop_Q1 2021 Overview In the first quarter of 2021, two office buildings were completed in […]


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