Preliminary data from the real estate consultants show that in Bucharest were transacted in the first quarter office spaces of 61,000 sq. m, with 13% increase compared to the similar period of 2013, while the increase registered in the rest of the country was 50%. In Bucharest, more than a quarter of those spaces were rented within a sole transaction.


„The IT&C sector doubled its activity in the first quarter of this year compared to the first quarter of 2013. This growth came from companies expanded the occupied space in A class office buildings, for which we can estimate the business increase, as well as from companies which continued to relocate from inferior quality buildings to A class offices “, has declared Da­niela Popescu, head of research within Colliers In­ternational.

The biggest transaction on the office market in the first quarter of this year is represented by the lease signed by Voda­fone for 16,000 sq. m in Bucharest One tower in Northern Bucharest, developed by the businessman Ioannis Pa­pa­le­kas, according to ZF analysis based on data supplied by real estate consultants. (source: