Colliers: Office space deliveries plunge in Bucharest in 2024 on weak demand
<p>The Bucharest office market recorded its lowest level of deliveries in two decades in 2024, with only one major project completed, according to the annual report published by Colliers.</p>

<p>Total rental demand fell by 18% compared to the previous year, but new demand remained at a similar level to 2023.&nbsp;</p>

<p>At the same time, more and more companies are encouraging their employees to return to the office, which is generating increased interest in modern and energy-efficient spaces.&nbsp;</p>

<p>Colliers experts also note the increasing differentiation of the market, as the buildings that form the top 20 of those with the largest free areas have a vacancy rate of approximately 33%, while for the remaining almost 190 office projects, the vacancy rate is 7%.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Andreasg/Dreamstime.com</a>)</em></p>