Real Estate: The Lack Of Office Space Deliveries In Bucharest Forces Companies To Plan Future Leasing Contracts Well In Advance

The decrease in demand for office spaces in Bucharest following the pandemic period is reflected in the volume of pre-leases, which saw a reduction of over 50% between 2020 and 2023, according to an iO Partners study. Additionally, the low number of pre-leases is explained by the very few projects that are likely to be delivered in Bucharest in the next two years. This will be forcing companies to strategize their office space needs 2-3 years before their current contracts ...

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