ROMANIA OFFICE SNAPSHOT Q1 2017

In Q1 2017 the office market in Bucharest experienced a cautious start in terms of supply, with only 11,000 sq.m being completed. Although the number of office projects currently under construction is high, no major pre-lease deal has been recorded. Office leasing activity continued to be strong, with new demand representing more than 75% of the net take-up. Renewal and renegotiation deals have been the largest transactions by size.