by Mirela Raicu 
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
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.
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.
| Harman Romania
· 10.000 sqm · Metroffice – Bucharest · Pre-lease and enter Romania Market |
1 and 1 Romania
· 3.500 sqm · Sky Tower – Bucharest · Relocation from Non-Competitive Stock |
| Hella Romania
· 4.000 sqm · City Business Center – Timisoara · Pre-lease and relocation from Non-Competitive Stock |
Medlife
· 2.300 sqm · Victoriei BC – Bucharest · Relocation from Non-Competitive Stock |
| Hella Romania
· 5.000 sqm · Pre-lease and relocation from Non-Competitive Stock |
Beller Soft
· 1.250 sqm · Timpuri Noi Square – Bucharest · Relocation from Non-Competitive Stock |
| Lukoil Technologies
· 4.300 sqm · Aviatiei BC – Bucharest · Relocation from Non-Competitive Stock |
Ludan Engineering
· 1.250 sqm · AFI Tech Park – Bucharest · Pre-Leasing from Non-Competitive Stock |
ESOP’s portfolio includes, in addition to office buildings for rent in Bucharest, office spaces for sale in Bucharest, industrial parks and warehouses for rent, as well as office spaces for rent in the main cities of the country.
If you would like more information, 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!
Founder Partner of ESOP Consulting CORFAC International, coordinator of the Corporate Office Spaces division, with 18 years of experience in real estate consulting and entrepreneurship.
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