Timisoara and Cluj-Napoca sum up 80% of the new offices demand outside Bucharest
The demand for offices outside Bucharest in Q1 2018 come from cities like Timisoara, Brasov, Craiova, Iasi and Cluj-Napoca and totalled 17,000 sqm. Nearly 50% of the demand was recorded in Timisoara (8,239 sqm), and approximately 30% in Cluj-Napoca (5,100 sqm).
IT, BPO and professional services companies were the most active tenants, with nearly 60% of the total take-up.
According to JLL, the modern office stock in Brasov, Timisoara, Iasi and Cluj-Napoca will increase by almost 25% this year, to about 865,000 square meters. In Timisoara, developers announced projects of 83,000 square meters, in Cluj-Napoca, the stock will grow by 43,000 square meters, in Brasov will be delivered 25,000 square meters, and in Iasi only 9,200 square meters will be completed in 2018.
Picture source: istock