According to JLL, vacancy rate in Bucharest remained at 15% in the last 12 months, while prime rents were also stable at EUR18.5 per sqm.
The office spaces delivered in the other Romanian cities Cluj, Iasi, Timisoara and Brasov totaled 95,000 sqm, while the total stock stands at 650.000 million sqm. Vacancy rate stands at 6-7% while prime rents reach EUR11-14/ sqm/month.
In the next 12 months, the net demand is expected to increase, but the vacancy rate will also increase, JLL representatives said.
In 2016, the most important lease transactions included the The Bridge office building in Bucharest, where BCR leased 20,000 sqm, and United Business Center in Iasi, where Amazon leased 13,000 sqm.