The modern office stock in Bucharest is of 2.61 million sq. m at the end of H1 2017.
In H1 2017 around 170,000 sq. m of office space was transacted in the modern office buildings located in Bucharest
Pre-letting activity was lower by ~45% compared with the same period last year. This type of leasing activity was recorded mainly in the Central submarket and West.
For the second half of 2017, new supply is forecasted to be around 80,000 sq. m, with West submarket accounting for more than 75%. Although the number of projects under construction is high, the vast majority of office projects have been postponed for 2018.
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