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Demand on Bucharest office market halves in Q1

The gross volume of office spaces rented during the first quarter (Q1) in Romania dropped to 55,000 square meters (sqm) - half the figures in Q4 and Q1 last year. As the supply strengthened, the vacancy rate on the office segment increased from 7.7% in Q4 2019 to 8.7% in Q1 this year. After a very good 2019, the pace was maintained in the first quarter, and the office buildings completed at the beginning of the year added 78,200 ...

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