OFFICE
-Approximately 500,000 square meters of office spaces are unoccupied in Bucharest, reflecting a vacancy rate of 15.2%, and the highest availability is reported in the Pipera North, Center-West and Floreasca – Barbu Vacarescu submarkets of the Romanian capital city, Cushman & Wakefield Echinox data reveal.
-Located in the Central-West part of Bucharest, in the Politehnica-Lujerului area, Politehnica Business Tower is the new office building that PEDRO Construct is launching on the local market, following an investment of 18 million euro.
COMMERCIAL
Revenues of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by persisting high inflation, workforce challenges, cyber risk, and climate-related regulations, according to the Deloitte 2023 Commercial Real Estate Outlook global study.