Office rentals up 5.57% in Bucharest
The office space traded last year in Bucharest and major cities in Romania totalled around 346,000 sqm, up 9.9% year-on-year. In Bucharest, the increase was of 5.57%, while in major cities across the country, the growth was of over 60%,…
Irina Marica · Journalist
· Updated · 1 min read
The office space traded last year in Bucharest and major cities in Romania totalled around 346,000 sqm, up 9.9% year-on-year. In Bucharest, the increase was of 5.57%, while in major cities across the country, the growth was of over 60%, according to data from Esop Consulting, cited by local Mediafax. The volume of transactions in Bucharest, including relocations, pre-leases, expansions and renegotiations, increased from over 291,000 sqm in 2013 to more than 308,300 sqm last year. Outside Bucharest, in cities such as Cluj-Napoca, Sibiu, Iasi and Timisoara, a total of 37,377 sqm were traded last year, up from over 23,000 sqm. Irina Popescu, irina.popescu@romania-insider.com
