Colliers: About half of leases signed in Bucharest during first half of this year were renewals

Leasing activity in the Bucharest office market in the first half of 2024 saw new demand rise by 7% year-on-year, reaching 64,000 square meters, while total demand slightly decreased to 160,000 square meters, according to Colliers’ report on real estate market developments for the first half of the year. Contract renewals accounted for approximately 50% of transactions, driven by uncertainty over hybrid work. Additionally, there have been two consecutive quarters ...

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