The largest deal in Cluj was the pre-renting of 5,200 square meters by Porsche’s engineering division in the future Record Park project developed by Speedwell. The second largest deal was the lease that Visteon signed for 4,840 square meters of office space in ISHO developed by Ovidiu Sandor in Timisoara.
“We are seeing a slightly higher level in Cluj than in Timisoara considering there are hardly any large projects under construction, which in very good projects may reach EUR14 to EUR14.5/square meter/month. In Timisoara, however, rents go from EUR12 to EUR13.5/square meter/month because a broader supply of projects,” said Maria Florea, Key Client Director JLL Romania.
Rents in Cluj-Napoca remain higher, because of the more limited supply.
Total demand rose by 18% in 2019 compared with 2018 when it stood at 400,000 square meters.
Bucharest attracted almost 83% of the total demand for office space, 388,507 square meters, followed by Cluj-Napoca, 6.5% or 30.552 square meters, Timisoara, 4.4% and Iasi, 3.2% or 15,000 square meters, according to JLL data.
(English version by Loredana Fratila-Cristescu)