Modern office inventory in Romania’s top regional centers – Cluj-Napoca, Timisoara, Iasi and Brasov – will reach 1 million sqm in 2020, one year later than initially estimated, despite record deliveries in 2019 of almost 130,000 sqm, according to the Office Market Regional Cities report by Cushman & Wakefield Echinox, quoted by Romania-Insider.com.
At the end of the first half, the modern office inventory in these cities was 872,000 sqm and, by the end of this year, it will reach 910,000 sqm.
Cluj-Napoca is the most developed regional market, with a stock of 330,000 sqm, followed by Timisoara (227,000 sqm), Iasi (185,000 sqm), and Brasov (130,000 sqm). The office sector in Cluj-Napoca also entered the investors’ radar with two deals concluded in 2019: The Office by Dedeman and Liberty Technology Park by White Star.
