Romania has become an increasingly attractive destination for regional operations centers, following a 4.8-percent boost to its GDP in 2016, according to a report published by Deloitte Romania, Reff & Associates-Deloitte Legal and Knight Frank. The country’s tax laws, geographic location and highly skilled labor force have helped make Romania attractive to investors.
“These centers are the biggest demand generator on the office market in Bucharest and very often they are the main anchor of the building. It is very clear to all of us that operations centers developed the big office hubs we see today, namely Floreasca-Barbu Vacarescu, Dimitrie-Pompeiu, Center-West, and even CBD,” said Horatiu Florescu, chairman and CEO of Knight Frank Romania. “These hubs have also the biggest stocks and demand on the market. Last year, the Center-West had a demand of over 120,000 sqm. Bucharest stays the main operations center driver, but Timisoara, Cluj-Napoca and Iasi are following-up very fast.”
