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Home » Real estate news » New CBRE Report – 2016 is set to be a year of records for the Romanian office market!

New CBRE Report – 2016 is set to be a year of records for the Romanian office market!

Recently CBRE Romania  have launched a new Bucharest Office Market Report. Please find below the key points:

  • 105,000 sq m, Total Leasing Activity (TLA) in Q1 2016.
  • In west sub-market were transacted over 35,000 sq m (34% of TLA).
  • The IT&C sector continues to be the most active on the market, making up a share of 52% of TLA (over  54,000 sq m).
  • The overall rate of vacancy decreased to 12.3%.
  • The current stock of 2.42 million sq m should increase by approx. 317,000 sq m by the end of 2016.
  • Prime rent level remains stable at 18.5 €/sq m/ month.

You can download the report here: Bucharest Office Market Report

 

 

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