Bucharest Flex Market Overview 2023
This special report reviews the flexible space market at the end of 2023 and includes information on the stock, asking rents, services offered by operators and the 5 key trends in this segment.
January 10, 2024 2 Minute Read
Contouring as a branch of the office leasing market, coworking spaces have some unbeatable advantages with which attract especially freelancers, startups, small to medium-sized companies, or new entries on the local market.
At the end of the third quarter of 2023, the flexible office stock in Bucharest comprises circa 69,000 sq m, while the average occupancy rate stands around 70%. In terms of new supply, prolific years proved to be 2018 and 2020 when 17,800 sq m and 10,300 sq m were added to the flexible stock in the capital city.
Flexibility, the pure essence of a coworking space means more than flexible contractual terms and the power to move and scale in line with business development. Flexibility refers as well at location, location, location, which is crucial for office owners and end-users.
Find out the specifics of this segment in the report.