“All these buildings are in prime central and northern locations, which are the most expensive in Bucharest by office space rent. Moreover, most are dominant buildings in their respective areas,” says Madalina Marinescu, office department consultant with real estate consultant JLL Romania.
“Many of them were built in the early 2000s because that is when most projects in those areas were developed.”
Piata Victoriei is the most expensive office space area in Bucharest, with six of the top ten projects, including the most expensive – Aviatorilor8, developed by NEPI near the Government Palace. Official rent in Aviatorilor8 may be as high as EUR25/square meter/month. Just 250 meters away is Europe House, completed by Global Trade Centre in 2002 using an unfinished structure that had been sitting there since before 1990. Europe House rent ranges from EUR17 to EUR19 per square meter.
(English version by Loredana Fratila-Cristescu)