The same data show the western part of capital Bucharest by far dominates the ranking of the most active areas, with 48% of the projects, while 24% of projects are located in the northern part of Bucharest, 10% in the CBD (Victoriei Square area, Charles de Gaulle Square) area, 9% in central Bucharest and 8% in Pipera (norther Bucharest).
In 2018, the demand for lease totaled 325,000 sqm and 81% of traded space is located within Class A office buildings. The modern office space stock reached 2.91 million sqm, with 144,000 sqm being delivered in 2018, 15% more than in 2017.
The western part of Bucharest saw the bulk of demand for lease in 2018, accounting for 36% of total transactions. The central and norther parts of Bucharest rank second, both with 17%, followed by Pipera with 14% and the CBD (Victoriei Square, Charles de Gaulle Square) area, which nears the upper limit of the space available for the construction of new projects, with 13%.
Regarding the type of transactions, in 2018, pre-lease contracts accounted for 35%, renegotiations made up 26%, relocations accounted for 20%, while new take-up or extensions of existing space made up 19%.