Rent in the office buildings around Bucharest has declined, in the last year, by 12-17 percent, to 10-15 euro / sqm, depending on the area, and the spaces in the central and Aviatorilor / Floreasca areas reach 15-20 percent vacancy, and those in Pipera and the Exhibition at 25-30 percent, at this time, shows an Investpoint analysis.
“Most of the office buildings had, in 2019, degrees of vacancy of less than 5 percent in the central area, in Aviatorilor and Floreasca, and 10-15 percent in Pipera and Piaţa Presei / Expoziţiei (where is the pole of new office developments),” Says Cristian Nicola, the founder of Investpoint.
However, this evolution of prices may represent an opportunity for medium-sized companies, which currently operate in apartments or houses and are willing to invest in relocation to an office building.
