According to its latest report, rents in the capital city’s business area reach EUR19/sqm/month while total occupancy costs, which also include service charges, reach EUR339 sqm/year, or EUR28.25/sqm/month, respectively.
Bucharest offices are more expensive than offices in Prague (EUR318/sqm/year), Lisbon (EUR298/sqm/year) or Bratislava (EUR257/sqm/year).
In the other Central European capital cities, namely Budapest (EUR343/sqm/year) and Warsaw (EUR395/sqm/year) office spaces occupancy costs are higher compared with Bucharest, placing them on the 43rd and the 37th position, respectively.
London confirms its position as the world’s most expensive office market for the second consecutive year, with annual costs of EUR2,122/sqm, followed by Hong Kong (EUR1,432/sqm/year), and Moscow (EUR1,092/sqm/year).