Office vacancy rate in Bucharest at the lowest rate in history

Piata Victoriei - zona de birouri
Birouri Piața Victoriei, București

The average office vacancy rate in Bucharest declined last year to a historic low of about 6.6%, compared with 9.2% by the end of 2017.

This week buzz!

CTP is the first company on the local market to reach the historical landmark of 1 million square meters built-up area, divided into 15 parks located near Bucharest and nine other Romanian cities.

Rieker will close it’s factory in Lugoj, Timis county.

OMV Petrom offers 10 million euros for the construction of the first Pediatric Oncology and Radiotherapy Hospital in Romania.

AFI Europe signed a non-binding letter of intent with Plaza Centers to acquire the majority stake in the Casa Radio project, located in downtown Bucharest. The total transaction costs will reach 60 million euros.

CFR launched the auction of construction works for the connection of Bucharest Otopeni International Airport Terminal to the national railway system.

Transactions with office buildings reached, in 2018, a record level for the last decade, with 20 real estate projects, with a cumulative lease area of ​​220,000 square meters and a value of more than 500 million euros, purchased in Bucharest, according to Romania Investment Marketbeat report, launched by Cushman & Wakefield Echinox.