Office Market Snapshot Q1 2021April 29, 2021
With around 64,000 sq. m completed in Q1 2021, the office stock in Bucharest stands at 3.3 million sq. m. The largest sub-markets in terms of supply continue to be Pipera South, Barbu Vacarescu – Floreasca and Central West.
Five office projects have been finalized, with a total GLA of 64,000 sq. m, the largest being One Floreasca Tower in Barbu Vacarescu – Floreasca submarket and Campus building 6.2 in Central West. By the end of Q4 over 200,000 sq. m are expected to be finalized, out of which 34% are in the Central West area.