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News Bucharest’s office vacancy rate at 16.5% in Q1 2022
20
May
2022

Bucharest’s office vacancy rate at 16.5% in Q1 2022

by Property Forum
The vacancy rate in Bucharest’s office market remained flat at 16.5% in the first quarter of 2022, similar to last year, although there is a growing gap between Class A projects and older buildings in areas with lower demand, according to real estate consultancy Colliers. 
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New leases

  • Oriflame Cosmetics has relocated its offices in Bucharest-based AFI Park Floreasca. The lease of 300 sqm was brokered by Cushman & Wakefield Echinox.
  • The jewellery chain Apart has opened a new, enlarged showroom in Kraków's Centrum Serenada. The premises now occupy a total of 160 sqm.
  • Two Polish companies from the IT and gaming sector - Endego and Frozen District - will occupy a total of more than 1,500 sqm of space in Kraków's Korona Office Complex office building.

New appointments

  • Paweł Dobrowolski takes over as head of the office department at CBRE Poland, replacing Łukasz Kałędkiewicz. Alexander Hofmann becomes the new head of the Warsaw office tenant representation team.
  • Cushman & Wakefield has expanded its valuation team with the appointment of Marcin Malmon as Head of Valuation & Advisory and Monika Leszczyk, Deputy Head of Valuation & Advisory, as Head of Business Development.
  • The Valuation Department at consultancy Savills has strengthened its team. The new members are Karolina Sabatowska-Gomułka as Associate Director and Magdalena Ziółkowska as Consultant.

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