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.
BUSINESS CENTERS DELIVERED IN 2020 IN BUCHAREST
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.
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.
Main transactions in 2020
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.
The year begins with a positive evolution in terms of the level of transactions, in the first quarter of 2022 being traded in Bucharest a total area 41% higher than in the same period of 2021. Download the ESOP study_Office Market Snapshot_Q1 2022 At the end of the first quarter of 2022 in Bucharest, five […]
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 […]
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 […]