News Article Bucharest ESG Fortim Trusted Advisors IT Nicolae Ciobanu office Romania
by Property Forum | Office

Companies in the IT&C sector had a share of 32% in Bucharest’s office lease market in Q1 and generated 93.6% of new leasing transactions in regional cities such as Cluj-Napoca, Iași, Timișoara and Sibiu.

The tech companies in Romania are constantly looking for office spaces as they employ around 10,000 new specialists yearly. At present, around 270,000 people are working in a IT&C related field across the country.

Aside from tech, professional services firms and FMCG companies had shares of 23% and 15% in the Bucharest office lease market, according to a report by Fortim T.A., a member of BNP Paribas Real Estate Alliance. Healthcare and pharma companies, which drove office demand in 2021, have leased fewer spaces in Q1 as all pandemic restrictions have been lifted.

“Also, in the first month of the second quarter, most companies looking for office space are still in the IT&C sector, which leads us to estimate that this trend will continue in the coming period," says Nicolae Ciobanu, Managing Partner- Head of Advisory of Fortim T.A.

Tech firms are mostly looking for recently completed office buildings that comply with ESG principles.