The former Stock Exchange Palace, a historic heritage building located in the heart of Bucharest’s historical center, has entered into a full process of commercial redevelopment.

Built at the beginning of the 20th century at the suggestion of King Carol I, the building was the headquarters of the Stock Exchange during the interwar period and afterwards the headquarters of the National Library of Romania. In 2008, the building was returned to the Chamber of Commerce and Industry of Bucharest.

Read more: THE FORMER STOCK EXCHANGE PALACE IS REBORN AND REACHES FULL OCCUPANCY RATE

If in the last 10 years the northern area has concentrated 62% of new office supplies, the situation is about to change due to overcrowding and the start of major projects in the West. Of the 382,800 m2 of offices currently under construction, 200,000 m2 (52%) are located in the west of Bucharest, in the Grozăveşti and Polytechnic areas. The core area accounts for 28% of the stock under construction, while the northern one accounts for only 20% of the announced deliveries for 2017-2018.

Read more: Evolution of the Bucharest office market