Bucharest rises as cost-efficient hub for Global Capability Centres, study shows
Bucharest is emerging as one of Europe’s most attractive locations for Global Capability Centres (GCCs) as multinational companies seek lower costs and skilled talent amid tight labor markets in Western economies, according to a new study…
Irina Marica · Journalist
· Updated · 2 min read
Bucharest is emerging as one of Europe’s most attractive locations for Global Capability Centres (GCCs) as multinational companies seek lower costs and skilled talent amid tight labor markets in Western economies, according to a new study by Savills and CoreNet Global.
The Romanian capital ranked 14th among 27 global GCC destinations for office costs, averaging EUR 252 per sqm per year in tech-driven districts such as Centre-West. That makes it the third most cost-efficient office market in Europe, said Mădălina Marinescu, head of office agency at Crosspoint Real Estate, Savills’ Romanian associate.
