Bucharest Office Market To Stabilize In 2012 - Consultants
The Bucharest office market will not see any significant changes in 2012, in terms of rent as well as in terms of delivered areas, according to real estate consultancy firms.
Rents are expected to stabilize at EUR18.5-19 per square meter per month, while the new surface is expected to be roughly the same as the one delivered this year.
“Given that demand is making a comeback, in 2012 we expect rents to stabilize. In 2013, rents may rise,” according to the latest analysis of Cushman&Wakefield.
The company’s analysts said the average rent in Bucharest reached EUR18.5 per sqm per month in 2011. For 2012, the analysts expect the rent to reach EUR19 per sqm per month.
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