Bucharest’s Historic Centre, delimited by streets such as
Lipscani, Strada Franceză, Smârdan, Șelari or Stavropoleos, is the
only area in Bucharest where rents are going up, with owners
getting as much as 100 euros per square metre.
The main reason investors are willing to pay between 3,500 euros
and 10,000 euros for a 100-sqm space is the high traffic already
secured by the over 100 bars and restaurants opened over the past
two years in the pedestrian streets of the centre.
“The Old Centre area will beat Magheru or Calea Victoriei this year
and will become the number one in terms of rents if the current
upward trend continues,” Dragoș Petrescu, owner of Caru’ cu Bere,
City Grill or Hanu’ Berarilor restaurants, with 12.4m-euro turnover
in 2009, told ZF.
The lowest rent level per square metre stands at 30 euros,
according to specialised websites, but on the streets that were
renovated by the city hall and owners, where tens of restaurants
and coffee shops have opened, rents reach 50-100 euros per square
metre.
ZF English
Old Centre likely to become no. 1 in Bucharest in terms of rents
Bucharest's Historic Centre, delimited by streets such as Lipscani, Strada Franceză, Smârdan, Șelari or Stavropoleos, is the only area in Bucharest where rents are going up, with owners getting as much as 100 euros per square metre.
