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Articles - Bucharest office market

Office pre-leases doubled in S1 2018, compared to the semester average of 2017

The volume of pre-leased office space in the first half of 2018 amounted to approximately 79,000 sqm, 2.6 times higher than the semester average of 2017, which was 30,000 sqm.

Companies leased 38,000 sqm of offices in Bucharest, down compared to last year

The office market in Bucharest recorded a new net take-up of 38,000 sq m in the first quarter of this year. According to Colliers International, most of the area was rented by companies in the energy/industrial and IT & C segments.

Office market in Bucharest ended 2017 close to record highs in 2016, over 170 transactions

The Bucharest office market ended 2017 close to record highs in 2016, with over 170 Class A and Class B transactions totalling 310,000 square meters, according to the annual Knight Frank European Commercial Property Outlook.

Year 2018 brings more balanced rents for new offices in Bucharest's main business poles

Expozitiei area is located between the Orhideea-Politehnica and Barbu Văcărescu-Aviaţiei office poles.

JLL: The real estate market, supported by industrial and office projects

The industrial, logistics and office sectors in Bucharest were the engines of the real estate development market in the first nine months of the year, while the retail sector recorded the lowest growth rate in terms of projects delivered in this period.

Companies in Bucharest have leased 45,000 sqm of offices in Q3

The office market in Bucharest registered 45,000 square meters take-up in the third quarter of 2017, reaching a total of 134,000 square meters since the beginning of the year, with IT and outsourcing companies dominating the market, according to Colliers International.

Colliers: Total value of real estate transactions could exceed half a million Euros this year in Romania

The total value of the real estate transactions could exceed half a million Euros this year in Romania, as a series of new or experienced investors are currently analyzing the business opportunities Romania offers, according to the estimations of Colliers International, one of the largest real estate consultants on the market in Romania.

Cotroceni- Basarab Bridge will be the most active zone in Bucharest real estate in 2017-2018

The most active zone in Bucharest regarding real estate developments in 2017-2018 will be the centre-western area, namely Cotroceni up to the Basarab Bridge, considers Horatiu Florescu, president and CEO of Knight Frank, one of the largest real estate brokers in the local market.

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