Modern office stock reaches 2.16 million sqm in Bucharest
The modern office stock in Bucharest reached 2.16 million sqm last year. It went up by 6 percent compared to 2013, according to a recent study from the real estate agency DTZ Echinox.
The 12 office buildings that were delivered in 2014 had around 117,000 sqm of rentable area. The whole leasing transaction activity amounted to 298,000 sqm last year.
The number of office buildings delivered in 2015 will go up by 30 percent, according to DTZ Echinox estimates. About 152,000 sqm will finalize this year, 28 percent of this area is already pre-leased.
Most of the new office buildings will be delivered in the North-Central (Barbu Vacarescu – Floreasca) and the West areas, similarly to 2014.