The office leasing activity in the first nine months of 2021 was highly sensitive to the ongoing sanitary crisis triggered by the COVID-19 pandemic. ''Next normal'', ''hybrid work'', ''digital revolution'' were the new concepts to adapt to in every company when shaping development strategies. From the beginning of 2021, approximately 189,000 sq m were leased in Bucharest, 41% of them being transacted in the third quarter.

Bucharest modern office stock reached 3.11 mln. sq m at the end of 2021, after the delivery of six buildings with a total gross leasable area (GLA) of 153,200 sq m.

At the end of the third quarter of 2021, the vacancy rate stands at 13.0%, with 0.8 pps higher than the one registered at the end of Q2.