The Romanian office market is getting increasingly more competitive these days, forcing developers to up their relocation incentives in an effort to lure tenants to their projects. Silvia Opris, a partner at Schoenherr and Associates, said companies are more inclined to move into a new office building offering a lower monthly rent if the landlord is willing to pay some of its relocation costs, which in some cases includes penalties for breaking a lease early. Madalina Cojocaru, head of office at DTZ, says rents have fallen as low as €18.5 per sqm in some cities, but it’s the added relocation bonuses that really entice tenants.
