Most projects are scheduled to open in the last quarter of this year. In 2017, five such buildings were completed and three more are to be delivered next year.
Tenants who have recently moved to boutique offices include Douglas, Visa, Norwegian Embassy, AT Kearney, McCann PR, Total, Mediafax and TEADS, Macromex and Goethe Institut have signed pre-lease agreements in such buildings in construction.
"In this market segment, there is a steady demand of companies, institutions or organizations for whom the image is very important and that don’t want to have their identity lost alongside other brands in large office centers. They are looking for class A office projects with premium finishes, but small size, up to 10,000 sqm, with stylish design and prestigious neighborhoods in well-positioned areas such as Dacia, Aviatorilor, Cotroceni, Dorobanti, Opera Square", says Alexandru Petrescu, Managing Partner at ESOP Consulting and CORFAC International.
Five of the eight buildings that will come into use this year are located in ultra-central areas (such as Dacia, Opera, Romana, Unirii and Universitate) and three in Center -North (Aviatorilor, Dorobanti and Casa Presei Libere).
The surfaces of boutique office buildings delivered this year range from 1,547 sqm to 7,500 sqm.
A relevant example of a boutique building is the D'OR Business Center office project on Dorobantilor Road near the Bucharest Academy of Economic Studies (ASE), which is to be opened this quarter.
Other representative buildings for this market segment inaugurated this year or last year are Victoria Stylish Office Building, Bookase, The Hub Office and Park Avenue. Boutique office projects are also under construction in the Romana, Opera, Universitate and Unirii areas. (source: ESOP)
