Now, owners, consultants and developers are looking toward 2025.
Taking into account small projects, around 33,800 square meters of offices are likely to be delivered in 2024 according to real estate market consultants, as the number of new buildings will drop to four this year, in line with Fortim Trusted Advisors data.
The largest building in 2024 will be AFI Loft, a project set to be integrated into AFI Cotroceni.
2024 volumes come as just six office buildings, totaling 135,700 square meters GLA, were delivered in Bucharest in 2023, a five-year low.
The interest of office tenants was much bigger for contract extensions in existing buildings rather than for new spaces in the third quarter.
(English version by Catalina Apostoiu)