ROMANIA MARKET OVERVIEW REFRESHED REAL-ESTATE PERSPECTIVES 2016 –2017
2016 was a record year for the Bucharest office market, with take-up reaching almost 350,000 sq m, 41% higher than in 2015. The year brought a significant volume of new deliveries – approximately 300,000 sq m. Demand in 2016 was 50% higher than in the boom years.
The total investment volume reached €705 million in 2016, almost 16% higher than 2015. Foreign funds accounted for more than
99% of the total activity.
Industrial take-up across the country in 2016 reached record levels with 415,000 sq m of space absorbed.
In Bucharest, total take-up in 2016 was close to 280,000 sq m, which was approximately 85% increase compared with 2015, and a record year.
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