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BUCHAREST OFFICE Q2 2022

The prime headline rent in Bucharest has seen a small increase in Q2 2022 to a level of around €19.00/ sq. m/month in the CBD area, a trend which is also expected in other high profile submarkets such as Center and Floreasca – Barbu Vacarescu by the end of the year. The existing pipeline of under construction office projects (134,000 sq. m GLA) is quite low, mainly as a result of the present bureaucratic issues in Bucharest, as very few real estate projects received their building permits during the last 12 months. One Cotroceni Park II, U-Center II or Equilibrium II are some of the most important projects that are expected to be delivered by the end of 2023.

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