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March on office market: five companies rented 14,000 sqm, almost 1% of Bucharest stock

Autor: Cristi Moga

20.03.2011, 23:40 17
March has been among the best months on the officespace market of the past two years. Three of the biggest projectscompleted during the crisis period in Bucharest reached a 90%occupancy rate, in the wake of deals inked in recent months.

Five companies of differentfields, banks, energy, consulting services, IT and lawyers, haveannounced this month they rented office spaces with an area ofalmost 14,000 square metres, namely almost 1% of Bucharest stock,put at 1.5-2 million square metres.

The companies have chosenoffice buildings along the central axis of Bucharest, PiaţaRomană-Piaţa Presei Libere, as well as in Barbu Văcărescu Street,as the buildings erected in this area have easy access to theunderground, as well as to two airports of northernBucharest.

Three of the most importantprojects completed over the past two years in Bucharest, in thewake of investments worth above 200m euros, City Gate, Euro Towerand Nusco Tower, have hit an over 90% occupancy rate in the wake ofcontracts signed this month.

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