The office space segment was the star of first quarter of the year, with about 110,000 square meters traded, according to a recent analysis of the real estate market activity in the first quarter of the year, on the segments of office space, retail space and industrial and logistics space, conducted by CBRE.
Companies leased 105,000 sq m of office space in the first half of the year, and the big IT & C players scored the largest share of the demand, according to Colliers International Romania real estate consultancy.
By the end of 2018, eight boutique office buildings with premium locations and finishes will enter the office market in Bucharest, with a total area of 31,949 sqm, according to a study by ESOP Consulting.
Unirii View, the tallest modern office building in downtown Bucharest, has been completed, in record time, following an investment of approximately 33 million Euros. The first companies that took up office space in the project already started to relocate their headquarters, whilst most others will follow in the immediate period.
Real estate developers have announced for the year 2019 projects for office buildings totaling approximately 380,000 sqm and for 2020 about 242,000 sqm, given that this year the deliveries of such spaces will increase by 55% compared to last year, according to a analyzes conducted by ESOP Consulting l CORFAC International.