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 […]
In the Orhideelor - Grozavesti area, the ARC project is underway, a building that will bring to the market 30,000 square meters of class-A office space, and a series of advantages for companies that wish to open or expand their headquarters in Bucharest. ARC Project is located next to Business Garden Bucharest, Brico Depot, and […]
The Equilibrium project includes two office buildings developed in two phases, with a total usable area of 40,400 sqm. Equilibrium 1 was completed in 2019, is LEED Platinum certified and is fully rented. The Equilibrium 2 building has an area of 19,400 sqm with a layout on two basements, a ground floor, and 11 floors, […]
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 […]
The London office building is part of the third development phase of the Sema Parc – Sema City project, a complex urban regeneration project, which will eventually have a total built area of 964,800 sqm. The office area will be 526,800 sqm, in three types of office buildings, City Buildings, large buildings located along the […]
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, […]
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 […]
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 […]
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 […]
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 […]
