“The number of employees in Bucharest is on the rise, with over 100,000 new employees in the past three years. At the same time, working conditions offered by employers have improved significantly, a major factor in retaining talent. The unemployment rate is at a record low of 1.5%, and the IT sector faces major talent shortage, which is why Bucharest needs to stay attractive to appeal to workforce from other areas,” said Madalina Cojocaru, Partner, Office Agency C&W Echinox.
The number of employees in Bucharest increased by around 40,000 people in the second half of 2017, according to statistics board, and around 10,000 of these were recruited by companies located in modern office buildings.
Considering office projects to be delivered this year and recruitment plans by multinationals, the number of employees working in modern offices in Bucharest could reach 280,000 by the end of this year.
Around 65,000 people work in office buildings in Pipera, northern Bucharest, around 55,000 in the Center-North area, and around 38,000 in the West. The three office hubs host 63% of employees working in modern office stock in Bucharest.