Bucharest office rental market is showing signs of recovery

The office market in Bucharest recovered, in the first semester of 2021, half of the fall caused by the pandemic. In total, offices with a total area of 132,397 sqm were traded in the first half of 2021, 70 percent more than in the first half of 2020.

"We estimate that the positive market trend will continue until the end of the year. We have noticed that, in the last six months, some of the ongoing requests come from companies wishing to enter the Romanian market and we consider that the effects of Brexit and some difficult situations generated by the pandemic in countries more affected than Romania create favorable for Romania to be chosen as a destination for moving some activities or companies in our country, especially in the fields of IT&C, back office and shared service activities, the automotive industry ”says Alexandru Petrescu, Managing Partner at ESOP Consulting.