Bucharest had over 2.1 million sqm of new modern office space at the end of 2011, with a vacancy rate of 14.14%.
Romania’s second-largest city, Cluj-Napoca, had 120,000 sqm of office space, with a vacancy rate of 10% and rent averaging EUR12-15/sqm per month.
Meanwhile, Iasi boasts a total 70,000 sqm of office space with the rent at EUR10-20 per month and a vacancy rate of 20%, while Timisoara holds 80,000 sqm of new office space, a vacancy rate of 15% and an average rent of EUR12-15 per month.
Thus, the lowest average rent for new offices can be found in Sibiu, which has an overall surface of 50,000 sqm in new offices and a vacancy rate of 15%. Runner up to the “lowest rent” position is Brasov, with 50,000 sqm available and a vacancy rate of 15%. The average rent here stands at EUR10-13 per month.