ROMANIA OFFICE MARKETBEAT Q1 2020

In Q1 2020, new deliveries totaling almost 81,000 sq. m have been completed, a level almost similar to the same period last year.

Covid-19 pandemic impacts the leasing activity

In Q1 2020, total leasing activity in Bucharest was of 52,000 sq. m, with net take-up having a share of 75% and the West submarket attracting 48% of the total demand. The pipeline remains robust in spite of the current health situation, with new projects of almost 415,000 sq. m GLA currently under construction.