Most tenants operate in the IT&C sector and leased buildings that were recently constructed, such as the United Business Center Tower and Cluj Business Center located in Cluj-Napoca, the United Business Center in Iasi, the Sibiu Business Center (in Sibiu) and the Fructus Plaza in Timisoara.
“Most companies which opened offices in 2013 in the country’s big cities operate in the IT&C sector (57%), which is followed by the sector of professional and financial services (nearly 20% of transactions),” Alexandru Petrescu, managing partner at Esop Consulting l CORFAC International, said in a statement.
In 2013, a total 291,588 square meters of office spaces were leased in Bucharest. The northwestern city of Cluj-Napoca was the most popular destination outside Bucharest, with office space transactions of 9,609 sqm, followed by the northeastern city of Iasi with 5,020 sqm, the central city of Sibiu with 4,400 sqm, the western city of Timisoara with 3,989 sqm, the central city of Brasov with 180 sqm and the southeastern town of Tulcea with 100 sqm.
The biggest office space transaction outside Bucharest in 2013 was the lease of a 5,220-sqm space in the United Business Center Tower in Cluj-Napoca by the IT&C company Endava.
Office space transactions in Bucharest stood at 208,920 sqm in the first nine months of 2013, up 25% from the same period in 2012, as activity picked up in the third quarter.