News Article Bucharest Crosspoint Real Estate Ilinca Timofte office Romania
by Property Forum | Office

The number of flexible offices in Romania climbed to 120 at the end of 2022, with 21 new coworking centres opened in the post-pandemic period, according to a report by real estate consultancy Crosspoint Real Estate. 

In total, 18,129 sqm were added to the flexible office market in 2022, of which more than 11,000 sqm in Bucharest.  The overall surface of flexible offices stood at 92,239 sqm at the end of last year.

"Although the rates charged by operators have remained relatively unchanged compared to the beginning of 2020, the rapid increase in the inflation rate and reaching a record level for the last few years will affect the flexible office market. It is likely that in the coming period flexible space owners will have to adjust rates to align with new market costs," said Ilinca Timofte, Head of Research, Crosspoint Real Estate. 

This year, four new medium and large locations are expected to open, ranging from 1,000 sqm to 4,000 sqm in Bucharest alone.