In 2012, companies in capital city Bucharest rented additional office space, within their headquarters buildings, covering a total 18,637 square meters, up 35% from 2011 (13,713 square meters) and up 56% from 2010 (11,908 square meters). Companies expanding their business rented additional space covering 150 sqm to 3,607 sqm.
Esop Consulting said the office space market saw major structure changes in 2012, with positive signs from the segments of office space expansion and pre-rental.
The office space pre-rental segment reached 59,255 sqm, up 50% from 2011 (38,805 sqm) and almost triple from 2010 (17,219 sqm), while the segment of contract renegotiation was up 35%.
However, in 2012, the overall office space market saw a slight decline and registered a total volume of transactions of 238,862 sqm, down nearly 10% from 2011.