The stock of modern office space in Bucharest has exceeded 2.5 million square meters this year. Another 80,000 sqm will be delivered by the end of the year, according to a report of CBRE.

Of the total stock of 2.56 million sqm, which are in use, some 1.1 million sqm represent class A offices.

The largest office real estate projects which are to be delivered by the end of 2016 include Metroffice, developed by Immofinanz, the second building of the project Oregon Park, developed by Portland Trust, and the third building of the project Hermes Business Campus, developed by Atenor Group.

After the first nine months of this year, the overall vacancy rate of the office space in Bucharest was 12.3%. However, for the class A offices, the vacancy rate was below 10%.

editor@romania-insider.com