Although the office space market is currently at a low level of demand due to pandemic, in two years it is possible to face a shortage of new office space in Bucharest.

"The construction of an office building usually takes at least two years. In order for office buildings to be delivered in 2023, their construction must have already begun, which we do not see happening. Projects started before the pandemic are currently being completed. For this reason, in 2023 the options for occupying a new space will be very limited. We recommend that the decision makers in the companies take this aspect into account when outlining their strategy for the next years and analyze the options in time", said Maria Florea, Key Client Director, JLL Romania.