CBRE: Class A office stock exceeded 1 million sqm in Bucharest
by CIJ Magazines 
2016-07-26 
Office

Total demand on the office market in Q2 2016 was 100.700 sqm, while the entire first half of this year amounted to 205.500 sqm, representing 86 percent compared to the total demand in full year 2015 and 40 percent more than the first half of last year, according to a report published by CBRE Romania._x000D_ _x000D_ "All this data paints a dynamic picture of the real estate market in 2016; therefore, we are optimistic, we look with confidence that the economy as a whole will bring significant increases also in the next period of the year, " said Mihai Paduroiu, Head of Advisory&Transaction Services | Investor Leasing | Office, CBRE Romania._x000D_ _x000D_ For the first time in Romania, there are over 1 million sqm of Class A office space in Bucharest. The total stock of office space at the end of the first quarter is 2.49 million sqm, writes CBRE in the new market research._x000D_ _x000D_ The most active sector in rentals of office space continues to be the IT&C - accounting for 46 percent of total demand in the second quarter and nearly half (49 percent) of the total demand from the entire first semester of the year 2016. The CBRE data distinguished also a dynamic financial sector, which recorded a 22 percent share of total demand of office space in the second quarter and 17 percent of the total demand of the first half of this year.