The Boutique Office Buildings in Bucharest Keep Their Attractiveness in 2020 for Tenants and Investors

This year, two new boutique buildings have been put into use or delivered, with premium finishes and up to 10,000 sqm, in central areas. They will have a total area of 13,000 sqm of class A office space. Next year, it is estimated that two more buildings of this type will be delivered with a total area of 19,500 sqm.

The projects delivered in 2020 are H Victoriei 109 and Zone 313 and for next year are expected to be inaugurated Matei Millo Novotel Office and Politehnică Business Tower. The peak of deliveries on this market segment was registered in 2018, when seven projects were completed, with a total of 31,948 sqm.

Who rented office space in boutique buildings in 2020

Among the tenants who have signed leases or pre-leases in boutique buildings in 2020, there are advertising agencies, business consulting firms, law firms, construction companies, IT&C companies, etc., such as Skin Media, Just Master Activities, Aktor, S.M.A.P.E., Cegedim RX, Bit Sentinel, etc. The areas traded for rent vary between 154 sqm and 3,500 sqm. The rented and pre-rented spaces have cumulated offices with a total area of 17,150 sqm in the first nine months of 2020.

The transaction of the year on this market segment in 2020

Astoria Business Center is one of the boutique office buildings that won investors’ interest in 2020 through its premium location – in the heart of the Capital and through the flexibility of class A office spaces. In total, this business center has a rentable area of 4,200 sqm with office space, to which is added an area of 420 sqm of terraces. The building also has 48 parking spaces, arranged on the two levels of the basement. The building has BREEAM Very Good green building certificate, being energy efficient“, states the transaction consultant Adrian Călinescu from ESOP Consulting | CORFAC International.

The investor who bought the Astoria Business Center is Dona Real Estate. The acquisition budget was about 9 million euros. Dona Real Estate entered the Romanian market by purchasing boutique office buildings. Besides this building, it also has Izvor 80 Office Building (6,600 usable sqm) and Rosetti Business Center (2,600 usable sqm) in its portfolio.

„Boutique buildings have several advantages during this pandemic: less traffic in the building and thus a lower health risk, smaller spaces on the floor, with fewer employees, excellent location, where it can be easily reached. Even if the office market is undergoing a period of transformation due to COVID-19, on this segment the interest for both rental and acquisition is still maintained, ESOP having in works, in various stages of negotiation, transactions with similar buildings, states Alexandru Petrescu, Managing Partner at ESOP Consulting l CORFAC International.

If you would like more information about the office spaces for sale in Bucharest, please contact the ESOP team by filling this brief form or by phone (+4) 0723.26.61.97 or (+4) 021.528.04.40. We’ll promptly answer your inquiry!


Alexandru Petrescu

Founding Managing Partner of ESOP Consulting | CORFAC International with 20 years of experience in real estate consulting and entrepreneurship.

Postari similare

Dentotal dental products distributor moves its offices in Equilibrium I


Dentotal rented a 650 sqm office space in the Equilibrium I building through the real estate company ESOP Consulting. The medical and pharmaceutical sector rose to a market share of 10%, in the first nine months of 2020, as a percentage of the rented office space in Bucharest, compared to 3% last year. “Dentotal is […]


Read more

Renegotiations pulled up the office space market in the third quarter


During the third quarter of 2020, which just ended, the office market rental reached 56,730 sqm, a transaction level closet o the one registered in the same quarter in 2019, namely 88% of that period, according to ESOP Consulting. For more than half of these spaces, tenants preferred to stay in the same office buildings, […]


Read more

The Large Office Transactions, of Over 10,000 Sq m, Were Made Only by Companies in the IT&C and Financial Fields, in 2019


Dividing the office market by the size of new traded spaces: the large office tenants dominated the market in 2019, in Bucharest, the segment of transactions with areas of over 10,000 sqm cumulating the most significant volume of new traded spaces 75% of the large tenants were in the IT&C field and 25% in the […]


Read more

Join the discussion

*/ ?>