The office stock in major cities will exceed 4 million square meters in 2019

The office stock in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov – has doubled over the past five years and will continue to grow at an accelerated pace, being expected to exceed the 1 million sq m threshold in 2019, according to the Cushman & Wakefield Echinox Office Market Regional Cities study. In Bucharest the office stock will reach 3 million square meters in 2019, says Business-Review.eu.

At the end of H1 2018, the Class A and B office stock in the four cities reached 780,000 sq m, up 12 percent (equivalent to 87,000 square meters) compared to the same period last year. The largest regional market is Cluj-Napoca, with a stock of 282,000 square meters, while the second place is occupied by Timisoara with a stock of 213,000 sq m, where new spaces with an area of nearly 70,000 square meters have been delivered during the past 12 months. The modern office stock in Iasi remained stable at about 180,000 square meters, while the corresponding figure for Brasov is of 103,000 square meters.

 

Read more HERE

Comments

comments

Leave a Reply

Your email address will not be published. Required fields are marked *

5 × 5 =