Bucharest Office Market Q3 2018

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In tune with Colliers’ estimates, the leasing activity is softening to more normal levels following an excellent 2017 (best post-crisis year for new demand).
 

  • gross take-up: 1Q18-3Q18 – 223,100 sqm (-9.9% YoY);
  • net take-up: 1Q18-3Q18 – 103,700 sqm (-18.4% YoY);
  • co-working was exceptionally strong so far (20% of net take-up, 10.4% of gross take-up);
  • the market is much more balanced than the market 1-2 years ago in terms of both demand by activity sector, as well as locations sought after by tenants.

10 Bucharest Office Market Q3 2018 250x196

Bucharest Office Market Q3 2018

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Silviu Pop

Head of Research | Romania

Bucharest

Before joining Colliers mid-2017 as Head of Research for Romania, Silviu Pop worked with ING Bank for close to three years as an economist, covering macroeconomic/financial market themes for Romania, Bulgaria, Serbia and Croatia. His previous professional experience includes working almost 7 years as a financial journalist at various media outlets in Romania, including the sole business-oriented TV station in Romania, where he hosted a daily show for a period of time; during this interval,  he won a number of scholarships, including a stint with Reuters. He holds a BSc in economics at the Bucharest University of Economic Studies.

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