With over 130,000 sq.m completed in the third quarter, Bucharest’s modern office stock reached 3,43M sq.m. Due to completion of Globalworth Square, Barbu Vacarescu– Floreasca sub-market currently contributes with the largest office stock, followed by Pipera South and Central West.
Worth mentioning the completion of J8 Office Park in the North submarket with a GLA slightly exceeding 46,000 sq.m, as well as the completion of an institutional grade project in the central southern half of the city, U-Center Phase 1.
For the remainder of the year additional 89,000 sq.m are currently in advanced stage of construction which will elevate 2021’s office supply to ca. 290,000 sq.m.