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Real estate: IT&C companies first for renting new office space
The IT&C sector ranks first in the top of fields renting new office space in 2017, study says.
Those companies were interested in 51% of areas included in rental contracts in 2017. They were followed by the finance, banking and insurance sector with 16%.
At the same time, 38% of office area in Bucharest, planned to be commissioned in 2018 are already rented, according to an analysis made by ESOP I Corfac International consulting company.
“This year, most companies which have been looking for new headquarters are from the IT&C sector. 89% of the office area intermediated by ESOP in the first two months was reserved for IT&C companies. Among office buildings chosen by ESOP clients there are Campus 6 and Timpuri Noi Square, state of the art projects, with many employee facilities,” said Alexandru Petrescu, managing partner ESOP Consulting I CORFAC International.
Specialists estimate this trend will continue and three out of five companies looking for new headquarters signing renta contracts in the next six months will be from IT&C, research-development, BPO, shared services, call center or financial banking fields, in Bucharest and the main university centres in the country.
The share of rental, pre-rental and expansion of new office areas grew in 2017 by 74% compared to 71% in 2016, with a total of over 228,00 sq.m of the total of 308,000 sq.m negotiated.
Most new office contracts (rental, pre-rental and expansion) were for office areas in the centre-northern parts of Bucharest, with a total of 135,168 sq.m, followed by the centre-western area with a total of 49,361 sq.m and the centre-southern are with 23,373 sq.m.
This top has in view areas where most new, modern office areas of class A and B were commissioned in 2017.
In 2018, the centre-western area has a higher share of all rented areas, when 56% of projects completed in 2018 are concentrated in this perimeter.