Bucharest Office Market Snapshot Q3 2021November 3, 2021
With over 130,000 sq.m completed in the third quarter, Bucharest’s modern office stock reached 3,43M sq.m. Due to completion of Globalworth Square, Barbu Vacarescu– Floreasca sub-market currently contributes with the largest office stock, followed by Pipera South and Central West.
Worth mentioning the completion of J8 Office Park in the North submarket with a GLA slightly exceeding 46,000 sq.m, as well as the completion of an institutional grade project in the central southern half of the city, U-Center Phase 1.
For the remainder of the year additional 89,000 sq.m are currently in advanced stage of construction which will elevate 2021’s office supply to ca. 290,000 sq.m.
For more information, please read the full report here.