Office leasing volumes in Timișoara amounted to 51,400 sqm during 2022, which was more than half of the total deals closed in regional cities. Iași and Cluj-Napoca were next with volumes of 26,700 sqm and 15,200 sqm, respectively, while in Brașov office leasing covered 5,900 sqm.
During 2022, the office leasing activity in these four cities fell by 35% to around 100,000 sqm due to smaller deliveries of new projects, while nationally the fall came close to 13%, according to data from real estate consultancy JLL. By contrast, office demand in Bucharest was flat.
At the same time, the office stock in the regional cities exceeded 1 million sqm during 2022.
”Especially in regional markets we expect to see more co-working office options located not only centrally but also semi-centrally in the near future. This would continue the trend of regionalizing or dispersing locations to cover a wider range of potential tenants. Flexibility, sustainability, efficiency and community impact are four key indicators that will reshape the whole way of working in the coming period,” said Laura Ene, Business Development Junior Consultant at JLL Romania.
Office rents were also up in the four regional cities by €0.5 per sqm to €1.5 per sqm, depending on the location. For instance, the best offices in Iași and Cluj-Napoca have monthly rents that can reach €16 per sqm.
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