OFFICE
The shift to remote or hybrid working has had a positive effect on the flexible office space segment in Romania over the last two years, according to Crosspoint Real Estate’s latest market study, ”Romanian Flex Offices 2022.” Last year, over 18,000 sqm opened in the flexible office space market, of which more than 11,000 sqm in Bucharest, according to Crosspoint’s analysis. Amid the conflict between Russia and Ukraine, some Ukrainian companies and professionals sought to temporarily relocate to Romania and flexible office spaces became the obvious choice. Occupancy rates have thus increased with some of the established coworking and shared office spaces in Bucharest reaching an 85-90% occupancy rate in 2022.
