by Mirela Raicu 
In 20 were delivered 157,000 sqm office spaces in business centers in Bucharest.
For 2021 is expected the completion of 290,000 of office space in business centers, and a roughly equal volume for 2022. Approximately 31% of the spaces due in 2021 are already pre-leased.
Download the market research The Office Market at the beginning of 2021
In 20 were delivered 157,000 sqm office spaces in business centers in Bucharest. Some of the projects announced at the beginning of 2020 have been postponed for the following years, due to the restrictions imposed by the spread of the Covid-19 virus. For 2021 and 2022 are currently scheduled deliveries of approximately 290,000 sqm per year.
The majority of the office building delivered in 2020 were grouped in the center-north area, with 60% of the total area put into use, and center-west with 24% respectively.
| Project Name | Surface (sqm) | Area | Location |
| Ana Tower | 35,600 | CENTER-NORTH | Piata Presei |
| Globalworth Campus – Building C | 28,000 | CENTER-NORTH | Pompei |
| ONE Tower Floreasca | 23,800 | CENTER-NORTH | Floreasca |
| The Bridge III | 20,200 | CENTER-WEST | Grozavesti |
| Campus 6.3 | 17,600 | CENTER-WEST | Politehnica |
| Zone 313 | 6,900 | CENTER-NORTH | Barbu Vacarescu |
For 2021 is expected the completion of 290,000 of office space in business centers, and a roughly equal volume for 2022. Approximately 31% of the spaces due in 2021 are already pre-leased.
| Project Name | Surface (sqm) | Area | Location |
| J8 Office Park – Buildings A and B | 46,000 | CENTER-NORTH | Piata Presei |
| ONE Cotroceni Park – Phase 1 | 46,000 | CENTER-WEST | Cotroceni |
| U-Center – Building A | 32,800 | CENTER-SOUTH | Tineretului |
| Globalworth Square | 30,800 | CENTER-NORTH | Barbu Vacarescu |
| Campus 6 – Phase 2 | 20,650 | CENTER-WEST | Grozavesti |
| Sema Parc – Oslo Building | 21,350 | CENTER-WEST | Splaiul Independentei |
| Sema Parc – London Building | 10,200 | CENTER-WEST | Splaiul Independentei |
In Bucharest, the volume of spaces traded in 2020 stood at approximately 186,000sqm. Due to the pandemic, the companies were more reserved in contracting new spaces, while the area for which the existing contracts were renewed or renegotiated remained at the level of previous years.
Most requests came from the IT & C, BPO, and SSC industry, adding up 30% of the total rented surface in 2020.
The sector of Professional Services also had an important share, with 16% of the rented area, the Financial one with 14% and the Medical & Pharma field with 10% of the rented area.
The rents requested for the upper-class office building in Bucharest remained in 2020 at the level of those in the previous year, manifesting, however, greater availability of negotiation from the owners.
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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