According to CBRE Romania’s analysis, the value of real estate investments at the national level could exceed EUR 1 billion next year.
According to data, there are a limited number of deliveries as a result of a combination of factors such as the restrictive context of authorizations, cost increases, and the effects of the pandemic in the construction market.
The stock of modern offices in Bucharest reached 3.30 million sqm, with only five office projects delivered in the first nine months of this year. Consultants in the field claim that, by the end of 2022, one more office building will be added to the modern stock, namely the second phase of ONE Cotroceni project, developed by ONE United Properties. The forecast for next year is positive: another 94,000 sqm in five buildings, now in various phases of construction, will increase the modern stock of the Capital to 3.43 million sqm.
Regarding the total rental activity, in Q3 it amounted to 73,300 sqm, 5 percent less than the same quarter of the previous year.
Source: Economica.net
