Commercial Real Estate Market OutlookQuarterly and topical research insights to help your business gain competitive edge in commercial real estate.

Office Market Snapshot Q1 2021

Office Market Snapshot Q1 2021 29 Apr 2021

With around 64,000 sq. m completed in Q1 2021, the office stock in Bucharest stands at 3.3 million sq. m. The largest sub-markets in terms of supply continue to be Pipera South, Barbu Vacarescu – Floreasca and Central West.

 

Five office projects have been finalized, with a total GLA of 64,000 sq. m, the largest being One Floreasca Tower in Barbu Vacarescu – Floreasca submarket and Campus building 6.2 in Central West. By the end of Q4 over 200,000 sq. m are expected to be finalized, out of which 34% are in the Central West area.