Bucharest Office Market Q1 2017

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The Bucharest office market recorded leasing transactions more than 100,000 sqm during Q1.2017, almost doubling the volume of transactions recorded in the same period of the previous year. 


  • The rapid increase in transactions comes on the back of strong demand from Consumer Goods and BPO/SSC companies;
  • Floreasca-Barbu Vacarescu remained the most active submarket with over 28,000 sqm leased, followed by Pipera and the CBD area;
  • We expect a total market take-up of close to 400,000 sqm during 2017;
  • The market stands to receive new deliveries of approximately 175,000 sqm during 2017.

3 Bucharest Office Market Q1 2017 250x196

Bucharest Office Market Q1 2017

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Mihai Patrulescu

Senior Associate | Romania


Mihai has joined Colliers International in October 2016 as Head of Strategic Analysis. Prior to this position, Mihai coordinated the economic research activities of UniCredit Romania and Bancpost, the Romanian subsidiary of EFG Eurobank. During 2015/2016, Mihai was seconded on assignment to the Milan Headquarters of UniCredit, working as a management consultant on the implementation of the bank’s strategic plan.

Starting from mid-2017, Mihai has joined the Investment  Advisory Services department. He specializes on project underwriting and investor engagement. He has worked on projects across all market segments, with a cumulated market value over EUR 1 bn.

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