On the third place in the tenants' preferences are the northern area, on the fourth place the central area and on the fifth and sixth places, almost equal, the CBD and Floreasca - Barbu Văcărescu areas.

“The U Center and One Cotroceni Park office projects have attracted new office tenants like a magnet, due to the fact that they delivered the first buildings recently and are developing the next phases, which are expected to be completed this year. In these two projects alone, office space totaling about 19,000 sq m was rented and pre-rented, almost a third of the entire rental market in the first quarter of this year in Bucharest and more than all the class A office rentals in the others. cities of the country. Companies that have chosen U Center and One Cotroceni Park include Booking Holdings, World Class, Glovo, Rehau and Connectys. On the other hand, the iGaming company EveryMatrix has chosen to have an entire office building in the future and has pre-leased an area of 7,500 sqm, in a newly launched project, located in the central area of the University ", says Nicolae Ciobanu, Managing Partner- Head of Advisory, Fortim T.A., member of the BNP Paribas Real Estate Alliance.

The average surface of an office space traded in Q1 2022 was about 1,000 sqm, and the largest contracts signed concerned spaces of 8,000 sqm, in the U Center and 7,500 sqm, in the center-south area.

An example of a company that entered Romania during this period is Docaposte, from France, which chose an office space in the Unirii area.

In the first quarter of 2022, more than half of the stockpile planned to be completed this year was delivered. Thus, five @Expo B1 office buildings (with a leasable area of 11,200 sqm), @Expo B2 (9,800 sqm), Sema Office London (21,347 sqm), Sema Office Oslo (10,178 sqm), Tandem were put into use. (21,000 mp). In total, deliveries in this first quarter amount to 73,525 sqm. Of these, the highest occupancy rate (over 90%) is the Tandem building, in the central area of Bucharest. According to current information, this year the delivery of 140,785 sq m of office space is expected, with 6,651 sq m less than was estimated at the beginning of this year.

Thus, the total stock of class A and B offices in Bucharest reached 4.04 million square meters at the end of the first quarter.

In the coming months of 2022, the AFI Tech Park 2, Arghezi 20, Arghezi 4 and One Cotroceni phase II office buildings are also scheduled to be put into use.

“All the office buildings that are under construction and are scheduled to be completed this year are top class A and have premium locations, which is why we expect them to be just as attractive. It should be noted that the future buildings are either part of large, mixed-use projects with retail components and services, where they are under development and residential complexes, with all facilities at a maximum distance of 15 minutes, or are boutique buildings in the ultra-central area. , where the future employees have at their disposal a complete urban infrastructure ", declares Nicolae Ciobanu, Managing Partner- Head of Advisory, Fortim T.A., member of the BNP Paribas Real Estate Alliance.

In the first three months of 2022, companies rented new office space (total take up) totaling 61,716 sqm, 33% more than in the fourth quarter and 48% more than in the first quarter of 2021, in Bucharest according to a study conducted by Fortim T.A., a member of the BNP Paribas Real Estate Alliance. Of this area, a large share was represented by new demand from companies that have now entered the market or expanded (new demand).

In addition to these relocations, the companies also renewed leases totaling 16,778 sq m (a decrease in volume compared to the previous period).

Regarding the field of activity of tenants, the most active are those in IT&C, with 32% of total office applications, since the beginning of this year.