offices

Bucharest is among the service hubs in Europe most shielded from the negative effects of the coronavirus pandemic and its office market is expected to be less affected or recover more quickly after the crisis, according to Colliers International.

Romania’s state protocol authority, or RA-APPS, said Friday it cancelled the public auctions to sell spaces in the Free Press House in Bucharest scheduled for November 26-28.

Rents for office spaces in Romania's capital city Bucharest will climb by 20-25% in 2008, as supply will maintain below demand, therefore, companies started to buy office spaces, rather than rent them, to reduce costs, according to estimations by real estate company DTZ Echinox.

Rents for office spaces in Romania's capital city Bucharest might climb by 25% this year, an evolution close to the one registered in 2007, as supply will continue to be lower than demand, according to estimations by real estate company DTZ Echinox.