Home | Insights | BUCHAREST OFFICE MARKETBEAT 2016

BUCHAREST OFFICE MARKETBEAT 2016

  • At the end of Q4 2016 modern office stock in Bucharest surpassed 2.5 million sq. m. Throughout the year 275,000 sq. m of office spaces were delivered, this being the highest level recorded since 2009.
  • For 2017 more than 190,000 sq. m of office space are planned for delivery.
  • When compared to the previous year, 2016’s net take-up figure is higher by 50%. Demand for office space has increased significantly mainly because the area required by tenants for expansions and new operations (new companies entering the market & existing occupiers opening new businesses) was higher by 42% y-o-y.
  • Development activity will continue going forward, given that more than 400,000 sq. m of office spaces are planned to be delivered by the end of 2018.

OTHER POSTS

Bucharest metro traffic doubled in March after the pandemic related restrictions were lifted; employees are gradually returning to the office

Read more

More than 72,000 dwellings were delivered in 2021 in Romania, a record level since 1989; Increased pressure in 2022 due to the many uncertainties which may reduce both deliveries and transactional volumes

Read more