2011 is set to be the year of a new wave of projects for theexperienced office market developers though the vacancy rate inBucharest is still around 15%.
A series of projects are being "revitalised" after a longerperiod of inactivity, while others are started from scratch and thevalue of investments likely to be started this year is put ataround 400m euros. The sum is ten times higher than the value ofprojects started last year, when only Belgium's Atenor startedworks for an 18,000 square metre office building in Pipera, whileCotroceni Park's owners began raising a 13,000 square metrebuilding near the mall.
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