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News from Members JLL Report: Regional Cities Office Snaphot Q3 2020

JLL Report: Regional Cities Office Snaphot Q3 2020

by JLL December 10, 2020

Website www.jll.ro

The Regional Cities Office Snapshot provides a general market overview on the regional office hubs in Romania and the opportunities they can offer to office tenants,real estate developers and investors. Regional markets can provide attractive alternatives, and also room for expansion and further growth in Romania.

Following a natural trend,major international office occupiers have gravitated towards the capital of Romania, Bucharest, by far the largest city in the country, with roughly 2 million inhabitants, without counting its metropolitan area. Both international developers and real estate investors usually start their investments in Romania with Bucharest.

However, as the Romanian economy is maturing and expanding, and as average wages increase and unemployment levels get lower and lower,both real estate investors and office occupiers are looking to expand beyond Bucharest, to tap into Romania’s full development potential.

 

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