Bucharest Office Marketbeat H1 2018

  • The total stock of A&B class office buildings in Bucharest was of 2.71 million sq. m at the end of H1 2018;
  • New supply was quite limited, with only one project completed;
  • When it comes to H2 2018, more than 150.000 sq. m of office space are expected to be completed;
  • Demand continued to be strong throughout the first half of 2018, with West area attracting the largest share;
  • Companies active in Technology & Telecommunications sector were the most active tenants;
  • Since demand continued to be consistent and the level of new supply quite limited, the general vacancy rate in Bucharest maintained below 8%.