The request has represented 63% of the total volume of transaction activities and was divided into relocation transactions (75%), extensions/new requests (16%) and pre-leasing transactions (9%). The most active sector was the Professional Services, which summed up 33% from the total transaction activity on the office market in 1Q 2013. The general un-occupancy rate for the office spaces remained relatively constant in 1Q, the general average of this rate in Bucharest situating around 16%. There are 367,000 sqm vacant offices in Bucharest. The Western area continues to present the smallest un-occupancy rate, (5%), while the highest is registered in Pipera (26%). The un-occupancy rate in the business centre of Bucharest has continued its decreasing with 2% in 1Q compared to 10% in 4Q2012. The level of the basic rent stabilized around EUR18/sqm/month. For the A class offices in Bucharest, the asked rents start from EUR 16/sqm/month in the central zones and EUR 11/sqm/month in the peripheral zones. As for the B class offices, the asked rents start from EUR 13/sqm/month in central areas and from EUR 9/sqm/month in the peripheral areas. (sursa: wall-street.ro)
Relocations still rule the office market: 75% of the activity at the beginning of the year
The occupancy rate of the office buildings continues its ascendant trend, while the basic rent remains constant, CBRE officials have said. At the same time, Bucharest office market will continue to be dominated by relocation transactions.
