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Articles - level of rent

Office rents in Bucharest increased by up to 16% in the last 12 months

Office rents in Bucharest increased by up to 15.8% in the last 12 months (June 2023 vs. June 2022), with the prime headline rent in the CBD area (Piata Victoriei – Aviatorilor)reaching €22.00/ sq. m/ month, an increase which also translated to other submarkets, according to data from Cushman & Wakefield Echinox.

Office space rents are more flexible than at the beginning of the year

The rents of class A offices, of the premium buildings, which have free spaces for rent in Bucharest are between 12.5 euro / sqm / month in the southern area and 18.5 euro / sqm / month in CBD, the best listed office area, according to an analysis by Fortim TA, a member of the BNP Paribas Real Estate Alliance. In the Pipera-Voluntari area, rents for class A office spaces fall on time and up to 8 euro / sqm / month.

The Top Of Office Rents In Bucharest In 2017: The North-Central Area Has Advanced Again

In 2017, on the office market in Bucharest, the emergence of new projects with premium finishes and amenities, as well as an excellent position near the Government, such as The Landmark and Aviatorilor 8, has again raised the rent average for the north-central area, which get distance from the centre-west and downtown areas rents.

JLL: New trend on Bucharest office market in the first quarter - growing interest for Piata Unirii area

JLL Romania has brokered in the first quarter of 2016 office rental transactions totalizing 25,000 sq. m in Bucharest, Cluj-Napoca and Iași , a record level in the last 12 months.

Office market in 2015: Bucharest is up 4 positions in most expensive cities top

London stays the most expensive office market in the world, followed by Hong Kong and Beijing, while Moscow is out of Top 10, being replaced by Shanghai, according to a study conducted by CBRE, which places Bucharest on the 110th position from 126 markets, four places up compared to 2014.

Romanian real estate market sees positive development in 2015, says DTZ Echinox

Office, retail and industrial property projects all saw ascending trends during 2015, while yields compressed across the whole market, with logistic spaces seeing the best evolution, according to a study by DTZ Echinox.

Real estate investment exceeding EUR 800 million to be delivered next year in Romania

Real estate investment exceeding EUR 800 million will be delivered next year in Romania, mainly in Bucharest, with the office market in the top of the developers’ preferences, which will lead to pressure on office rents.

Most expensive Bucharest villas available for rent costs exceeding EUR 20,000/month

The average rent for a villa in Bucharest surpasses EUR 20,000 per month while outside the capital the level does not go beyond EUR 5,000/month, according to data from real estate online platform Imobiliare.ro. The ranking includes both historical properties and more recently build villas.

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