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COVID-19: Romanian Office Landlords Survey Part II

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Almost 7 months after the start of the lockdown in Romania, nearly 78% of respondents experienced a negative impact on thei operations and they are expecting this condition to endure and to remain protracted in the mid-term journey.

While most of respondents expect to see at least half of their tenants employees’ returning to office, 33% are expecting for a gradually recovery by end of this year. This is more or less in tune with what tenants are seeing, though things are likely to be adapted based on the coronavirus developments, so nothing is set in stone yet (no respondents looking for a H2-2021 or later recovery of the 50% threshold).

Our survey collected answers from 33 respondents from the top office landlords and developers in Romania in the 28 September – 6 October period. For more perspective, you may also want to look at the previous survey at this link, which we published roughly 6 months ago, when the global pandemic was still in its infancy and uncertainties were much higher. Click here for the Spring survey.


COVID19

COVID-19: Romanian Office Landlords Survey Part II

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Sebastian Dragomir

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Achieved over 16  years of experience in Real Estate, including management of Landlord Rep Department in CBRE, Head of EHL Romania Office & Industrial Department, and Senior Leasing Manager and Marketing Coordinator within IMMOFINANZ Romania, dealing both with Industrial and Office portfolio in Romania and Bulgaria. 

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