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Articles - pre-rentals

The volume of pre-leases of office space fell by more than 50% in the period 2020-2023

The decrease in demand for office spaces in Bucharest following the pandemic period is reflected in the volume of pre-leases, which saw a reduction of over 50% between 2020 and 2023, according to an iO Partners study.

The first signs of a come-back for the office market: the pre-lease transactions increase and the renegotiations decrease

The volume of leasing transactions on the Bucharest office market increased in the first quarter of 2021 to 48,000 square meters, a 9% decrease from the similar period of the previous year, when the Covid-19 pandemic was still on its onset in Europe, reveals the research data of the real estate consulting company Cushman & Wakefield Echinox.

IT&C, BPO and SCC companies occupied most of Bucharest's office space in Q2 2019

Companies in IT & C, BPO and SCC fields have signed contracts for 42% of the total rental, pre-lease and extension transactions of office space in Bucharest.

Software company Misys, first tenant of Orhideea Towers in Bucharest, project developed by CA Immo

Investment fund CA Immo has pre-leased an area of 8,000 sq. m of offices in Orhideea Towers building to the financial software company Misys International Financial Systems, being the first tenant of the project developed near the metro station Grozăvești.

IT&C companies took over 60 pct. of the pre-rental transactions on the office market in Bucharest

The office market in Bucharest have registered in the last five years transactions signed for nearly 1.24 million sq. m of modern spaces, with pre-rental transaction representing approx. 17 pct and higher values in the last two years.
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