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Top office rent discounts

Sorina Negrila, 18 Mar 2010

Romanian version

Romania’s leading office centers have suffered an unprecedented fall in rents over the last 12 months, as big as 40% in some areas, while in Bucharest, rent discounts topped 25% in the past year, data provided from imobiliare.ro portal show.

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Brasov and Cluj-Napoca – 30% discounts in rental rates

In Brasov, office rents dropped 31% over the past 12 months. In March last year, the average asking rent was €9.27/sqm/month, and now, Brasov office space landlords lowered the rents to an average €6.40sqm/month. Of all the cities under review, the lowest office rents were observed in Brasov.

In Cluj-Napoca, office rents dropped 30.7% in the past year, from €10.26/sqm/month in March 2009 to, €7.12/month/sqm now.

“Over the past two years, a number of office projects have been delivered in the city, and many villa landlords in central or semi-central areas shifted their focus to office spaces, as the residential market remained frozen”, said Adrian Erimescu (photo), managing director imobiliare.ro.

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Top office rent discounts

Brasov and Cluj-Napoca – 30% discounts in rental rates

Article comments "Top office rent discounts"

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