How much costs an office in Bucharest, along with maintenance, rent and utilities 2016

For example, if a company intends to rent office space with an area of ​​1,000 square meters, located in the market variants that monthly costs with all the rent demanded by the landlord, building maintenance and costs of utilities are between 10,500 euro and 23,500 euro (between 10.5 and 23.5 euros / sq.m total cost), depending on the quality selected and the building is located.

From these terms of presentation trading, following a negotiation process (which we consider an average margin of 15% discount on the rent), the tenant will be able to rent space of 1,000 square meters, depending on location and quality of, a budget between 9,300 and 20,900 euros / month.

"In Bucharest offices available to rent at the beginning of this year business centers totaled about 654.000 sqm. Most of the stock of office space (56%) are focused on segments of monthly rent under 11 euro / sqm, while only 23% is between 11.1 and Budget spaces with 14 euro / sqm and 20% budget spaces with over 14.1 euros / sq.m. A possible cause of the increase by 11% the share of premises under 11 euro / sqm / month in 2016 over the previous year can be represented by the relative decline in interest for this type of space, fall recorded progressively since 2015 in favor of office rents average 11.1 to 14 euro / sqm, "says Alexandru Petrescu, Managing Partner of ESOP Consulting / CORFAC International.

Beware of office space monthly costs, they consist not only rent but also the cost of building maintenance and utilities expenses.

Costs for maintenance varies between 1.5 and 4 euro / sq m / month, and the utility cost, plus the monthly rent and maintenance ranges from 0.5 euro / sqm / month and 1.2% EUR / sqm / month .

For office space, located in an office building a tower high-end Class A area Barbu monthly Văcărescu be allocated a budget of 20.2 to 24.2 euros / sqm, of which rent is payable owner 16-19 euro / sqm, maintenance costs 3.5-4 euros / sqm, to which are added between 0.5 and 1.2% utility costs.

In contrast, office space in the Fields built 7-10 years ago and now considered Class B, will be offered in the market at a rent level between 11.5 to 14.5 euro / sqm / month , plus maintenance costs of about 2.5 euros / sqm and approximately 0.6 to 1 euro / sqm.

Regarding office space located in the Preciziei in a building built before 2000 and recently renovated and refurbished office building, the rent will be requested from 7.5 to 8.5 euro / sqm, and the maintenance and utilities will be about 2 euros / sqm and 1 euro / sqm.

The offer is more of the office cheap but current demand is heading to the office several times for middle and higher quality.

How to finance the building and its attractiveness to the tenants are aspects that determines the minimum rental period requested by owner sign a contract. Thus, owners of Class A office space contracts usually 5 years, while those of class B and C buildings located in peripheral areas without access to Metro accept contracts and 1-2 years.

Premium areas are considered areas Charles de Gaulle, Aviators, Victoria.

"We estimate that in the next period will be registered slight fluctuations in rental levels not so depending on the geographical location of a building, but rather the surfaces available to hire pre-lease in that building and in competing buildings in the area. A high vacancy or a project under construction phase will most likely be very competitive commercial terms, "says Alexandru Petrescu, Managing Partner of ESOP Consulting / CORFAC International.

Price premium villas are rented as office space Class B business centers

Monthly rent in a villa interwar renovated, located in the center-north is 10-13 euro / sq m, while for similar office space in the same area, is 11.5 to 14.5 euro / sqm if it is a new office building class B and 16-19 euro / sqm if it's in an office building next-generation class (source: ESOP)

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