Pre-lease transactions accounted for more than one-third of total demand in the second quarter of 2017, and estimates indicate an increase in their share in the next period, according to data from CBRE Romania's report for the first six months of the year.
CBRE latest market study shows that during this period, over 176,000 square meters of offices were rented, a comparatively higher figure than the figures for the years 2012-2015, with an average of 150,000 square meters traded.

CBRE expects this demand in the first half, 14% lower than in the same period last year, to record high values in the second half of this year, similar to those recorded in 2016. At the end of the second quarter of this year, the modern office space stock has reached 2.72 million square meters, according to CBRE data.

In the past 3 months, the first phases of the New Times Square and Globalworth Campus projects have been completed. The first two buildings in the Timpuri Noi Square complex, with more than 30,000 square meters of office space, developed by Vastint Group in the central business area, near Timpuri Noi Metro Station, have already been delivered in the second quarter of this year.

The first Globalworth Campus building, developed by Globalworth in the Pipera business area, near the Pipera subway station, with a leasable area of approximately 28,000 square meters, was completed this quarter.

Most transactions this quarter were for the North and West, where most office projects were delivered. The West has managed to attract most of the projects under development, with about 290,000 square meters under construction.

 The most important projects are Campus 6, developed by Skanska, The Bridge, developed by Forte Partners, Business Garden Bucharest, developed by Vastint Group, Orhideea Towers, developed by CA Immo, AFI Tech Park, developed by AFI Europe, Anchor Metropol, developed By Anchor Grup and the new Sema Park project, developed by Sema Grup.

 By the end of 2017, the modern office space could reach 2.79 million square meters, and the first building of the Bridge project and a new building in Sema Park will be delivered. Office vacancy rate in Bucharest is 11% for Class A and B buildings. For the first time after a long time, the North area has a vacancy rate of 5.2%, of which the vacancy rate of Class A spaces is about. 2.3%.
The rent per square meter and the yield of office buildings in the capital remained stable in this second quarter of 2017, with 18,5 EUR / m2 / month and respectively 7.5%. (source: profit.ro)