Real Estate: The increase in the minimum wage in the economy puts pressure on the occupancy costs for office spaces in Bucharest
Tuesday, October 8, 2024
The office occupancy costs in Bucharest have increased by approximately 10% over the past two years, being driven by the growth in operational costs and by the rent indexations in a period with high inflation. The most significant factors impacting operational costs have been the rise in the minimum wage and the increased return of employees to offices, according to an analysis of the Cushman & Wakefield Echinox real estate consultancy company. The analysis in question is ...