Real Estate: Consultant expects 20% of office spaces in Romania to become vacant in next period

Up to 20% of the office spaces currently occupied could become vacant in the next period. The demand for offices will also record a decline of about 30% this year compared to last year, according to local real estate consultancy firm 24REAL, which specializes in office leases of up to 1,000 sqm. The firm says the effects of the COVID-19 pandemic have started to show on the local office market. “Companies that three months ...

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