Each new office lease agreement signed has generated at least 130 new jobs, Dimitrie-Pompeiu and the South leading the top with over 200 new jobs.
Thus, in the Dimitrie Pompeiu area, the largest average rented area was over 2,500 square meters, which means more than 250 new employees for each of the 13 companies that contracted offices in 2017 in this sub-area of Bucharest, while in the South area the average rented area registered was of 2,000 square meters (2,095 sqm), so the seven companies that have chosen this area to open offices will create at least 200 new jobs each.
"Compared to 2016, we see an increase in both the average surface leased by companies and the number of new office rental contracts. This resulted in a level of new demand over that of 2016 and, above all, above the level of new office space last year, which stood at 140,000 square meters. ", Says Marius Şcuta, National Director Head of Office Department and Tenant Representation JLL Romania.
He is of the opinion that there are no significant changes in the average surface leased compared to the previous year, but given the projects to be delivered in 2018-2019, at the end of this year and next year we could witness some changes to the company's location preferences.
Surprisingly on the market is the evolution of CBD transactions (Central Business District office area around Victoria and Roman squares) where the average of 2017 - 1,634 square meters – represented more than its double in 2016. 17 contracts were concluded in this area, representing 16% of the surface leased last year, and the average of new employment is 160 people.
Traditionally, in this area, due to the low availability of premises, the average transaction was much lower. Over the past 18 months, two major projects have been delivered in the area, which have generated larger transactions.
In Floreasca-Barbu Vacarescu, the average is 1,464 square meters, with the largest number of transactions signed, respectively 28, with a total of 41,000 square meters. The area attracted nearly a quarter of the net demand volume, with 4,100 jobs created, each contract amounting to 150 new employees.
JLL also shows that Centre-West and West areas have traded more than 1,200 square meters each, aggregating 11% and 4% of net demand, respectively.
With 15 transactions and an average of 1,296 square meters in the West area, the new pole of attraction for office developers will employ 2,000 employees, 130 in each new contract.
In all other sub-areas of Bucharest, the average of transactions drops below 1,000 square meters, in the North being reached the minimum of 427 square meters. (source: zf.ro)