Bucharest is ranked second in Europe for the growth rate of its office stock from 2014-2016, according to recent Cushman & Wakefield research. Roughly 420,000 sqm is expected to be delivered in that period. The fastest growing office market in Europe is Istanbul, which is also ranked ranked first in terms of absorption of office space.
According to the same study, Poland, Romania and the UK are among countries that have a high probability of GDP growth in the coming years. C&W found that 146,243 sqm will be delivered in 2014 in Bucharest, with another 125,000 sqm to come in 2015. Around 150,000 is predicted to be built in 2016 in Bucharest as the market slowly warms up.
