Demand for office in Bucharest outpaces new supply

by   CIJ News iDesk V
2017-07-18   11:16
/uploads/posts/d6436a05be2726d01f330133589eeede9143232c/images/marius scuta 1.jpg

Demand outpaced supply on the Bucharest office market in the first six months of the year, with 185,000 sqm in lease deals dwarfing the 43,000 sqm of new space delivered in H1, according to a JLL study. Vastint completed a ​​33,000 sqm scheme on Timpuri Noi Square, the biggest project to come on-line during the period. A quarter of the contracts signed between January and June were for offices in the city’s Floreasca-Barbu Vacarescu district, followed by the Piata Victoriei-Charles de Gaulles area.