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.
In Q2 2019, demand for modern office space in Bucharest was of 90,000 sqm. Net take-up represented 67% from the total volume recorded and consisted mainly of pre-leases and new operations. North and downtown areas became once again the most attractive ones, with approx 75% of the net take-up.
The most active occupiers were companies from Technology and Telecommunications sector – 42% from the total take-up, followed by companies from Manufacturing, Medical&Pharma and Financial sectors.
Main transactions in Q2 2019
By the end of 2019, over 300,000 sqm of modern office space is forecasted to be completed. Due to the high number of office projects under development, rental levels are forecasted to remain stable. Demand for quality office space is projected to follow the same positive trend going forward.
Main Projects to be delivered in 2019
The main Bucharest office areas benchmark
The market best practice and our recommendations
If you want to get the best market PRICE/QUALITY ratio, take your time to properly run the relocation process
in this way you benefit for the best opportunity on the market
the sooner you start the information and searching process, the more you keep the benefits of your side and having a strong negotiation position.
If you want to stay in the current location, run the relocation process as if you wanted to move 100%. Make it not fake it.
in this way you empower your negotiation position with current landlord
running this process helps a company to be in a position to make an informed and assumed decision
Run relocation or renewal process through ESOP:
17 years market practice, entrepreneurial approach, cost – efficient attitude.
access to market practice and similar transactions carried over time and currently
over 700 business centers in our the largest property database in Bucharest
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 […]
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 […]
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 […]