Victoriei, Dorobanti, Herastrau best fit for office developments, study finds

. The areas in downtown Bucharest lack available plots for large office compounds. The difference between the northern area and the central one is the level-oriented built areas, as the center-located office buildings offer 500 sqm to 600 sqm on the level, while the northern office spaces deliver over 1,000 sqm on the level, according to the study.
Victoriei area comes first in the top and it is the traditional target for office developments, with a concentration of A-type office buildings. The rents in the area vary from EUR 25 to EUR 30 per sqm. The second position of the top is occupied by Aviatorilor – Dorobanti area, located in center-north of Bucharest, which benefits from easy access to transportation and the major roads crossing the city. The rents in this area are similar to Victoriei’s.
The area of Herastrau – Nicolae Caramfil comes in third delivering a good transportation access to DN1 highway, Baneasa area. It is also an important residential and business hub and is on the way out to the international airport Henri Coanda and the way in to the downtown. The rents here are decreasing by about EUR 20 and EUR 25 per sqm. The areas of Unirii, Universitatii and Barbu Vacarescu trail mainly because of a shortage of large rentable areas and expanded lands for developing such offices over large areas. In these locations, the rents range from EUR 15 to EUR 25 per sqm.
The last two places of the survey are Pipera- Tunari in northern Bucharest which is a good location for developing offices with rental rates of EUR 15 to EUR 18 per sqm, and Cotroceni – Splaiul Independentei, which posts rents of EUR 16 to EUR 19 per sqm.
Magda Purice