Over 55% of total demand in the first quarter of 2017 consisted of contract renegotiations and renewals, mainly in the IT and automotive industries. The biggest transaction targeted the renegotiation/renewal of 20,000 sqm in Pipera. The next two biggest transactions targeted 10,300 sqm in the Calea Floreasca / Barbu Vacarescu area and 10,000 sqm in the area of Piata Presei Libere (the Free Press Square). Calea Floreasca / Barbu Vacarescu was leader in terms of demand, accounting for 30% of total demand, in the first quarter of 2017.
„Over 50% of deliveries scheduled for 2017 will be in center-west, followed by 30% in the Dimitrie-Pompeiu area, but the activity is more and more intensive in center and the central business district (CBD),” Knight Frank said in a statement.
The office division of Knight Frank Romania traded nearly 31,000 sqm in the first quarter of 2017.
Knight Frank is the biggest privately held global network in the real estate sector. Headquartered in London, Knight Frank, along with its partner in the United States, Newmark Grubb Knight Frank, operates through 413 units, in 60 countries, on six continents where it has more than 14,000 employees.