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Bucharest Office Market Q3 2018

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By Silviu Pop

In tune with Colliers’ estimates, the leasing activity is softening to more normal levels following an excellent 2017 (best post-crisis year for new demand).
 

  • gross take-up: 1Q18-3Q18 – 223,100 sqm (-9.9% YoY);
  • net take-up: 1Q18-3Q18 – 103,700 sqm (-18.4% YoY);
  • co-working was exceptionally strong so far (20% of net take-up, 10.4% of gross take-up);
  • the market is much more balanced than the market 1-2 years ago in terms of both demand by activity sector, as well as locations sought after by tenants.
10 Bucharest Office Market Q3 2018 250x196

Bucharest Office Market Q3 2018

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Silviu Pop | Colliers | Bucharest

Silviu Pop

Director

Bucharest

+40 21 319 77 77
+40 721 176 701
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Before joining Colliers mid-2017 as Head of Research for Romania, Silviu Pop worked with ING Bank for close to three years as an economist, covering macroeconomic/financial market themes for Romania, Bulgaria, Serbia and Croatia. As of October 2022, he holds the position of Director for Research for the CEE and Romania. His previous professional experience includes working almost 7 years as a financial journalist at various media outlets in Romania, including the sole business-oriented TV station in Romania, where he hosted a daily show for a period of time; during this interval,  he won a number of scholarships, including a stint with Reuters. He holds a BSc in economics at the Bucharest University of Economic Studies.

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