According to CBRE Research data, the office space market in Bucharest registered in 2020 a total volume of transactions of approximately 240,000 sqm, a level similar to that of 2015.
One United Properties was, together with the investment funds Immofinanz and Globalworth, among the most active players in the office market, both on relocations and on extensions of existing contracts.
Over 140,000 sqm of the total area traded on the office market in Bucharest was represented by relocations and pre-leases from companies that decided to change their currently occupied office space. The most active industries were IT&C and the consumer and leisure goods industry, which generated over 50% of the net demand on the office market. The most active developers, which managed to attract over 50% of net demand were: One United, with almost 30% of demand, followed by Globalworth, Vastint, and Speedwell.
