Bucharest is in the middle of a ranking of EasternEuropean cities based on the area of vacant offices, with Budapest,for instance, having nearly twice as many empty buildings,according to ZF calculations, based on data supplied by real estateconsultancy CB Richard Ellis.
Vienna and Prague also have more empty offices than Bucharest,while Warsaw has withstood the crisis better, with a lower stock ofunoccupied offices than Bucharest.
Of the 2 million square metres of offices in Bucharest, around340,000 square metres are unoccupied, with the vacancy rate seeinga major rise over the last two years, from 6.2% to 17%.
Consultants are hoping to see the vacancy rate down towards 14-15%this year, but for now around 80% of the spaces scheduled forcompletion this year have no tenants.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
