In the first six months of the year, 111,753 square meters of office space were leased in Bucharest, which account for 77% of the total number of transactions carried out in the country’s main business centers.
In contrast, Timisoara is the only business center where demand for office space increased.
“In the other major cities, including Bucharest, we are seeing a decrease in leased space amid political uncertainties in the first half of the year and the suspension of deliveries of new office buildings. However, we expect leasing activity to pick up in the second half of the year, with the announced deliveries of new space scheduled to start at the end of 2025 and continue until 2027,” said Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors.
The largest transaction this year was recorded in Bucharest, where BCR renewed its lease for a 22,300 square meter space in The Bridge building in the Orhideea – Grozavesti area.
In the secondary cities, the most important transaction was carried out by Vertiv Romania, which extended its lease for a 4,667 square meter space in the Advancity Business Center building in Cluj-Napoca.
The majority of contracts signed this year are renegotiations rather than new leases, a sign that many companies prefer to consolidate their position in existing locations in the current market.
Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance, is a real estate advisory company founded in 2002 and has been controlled by Costin Nistor, Bogdan Cange and Nicolae Ciobanu since December 2020.
(English version by Loredana Fratila-Cristescu)