Two of the nine projects delivered this year will be on Calea Victoriei – Matei Millo Offices developed by Forte Partners, in addition to Dacia One by Atenor, which includes rehabilitation of the former casino at the intersection with Dacia Blvd. Forte is also working on the Tandem office building on Calea Victoriei and Hagag completed work on H Victoriei 109, the former OMV Petrom headquarters.
The most important office space projects under construction are One Cotroceni Park, J8 Office Park, Globalworth Square, U Center, Miro Offices, Tiriac Tower, Dacia One, Millo Offices, @Expo and Sema London & Oslo, which are 60% pre-let despite the pandemic that has affected the office space market lately.
“The office space vacancy rate in Bucharest stood at 12.5% at the end of 2020 and we expect it to stay like this in 2021, depending on how the medical situation goes and the business decisions developers and tenants make,” said Andrei Ianculescu, head of project management with Cushman & Wakefield Echinox.
(English version by Loredana Fratila-Cristescu)