The Office Market in Bucharest in the 1st Quarter of 2025
- 9 May 2025
- Real Estate Reports
44,820 sqm leased in Bucharest in Q1 2025 Download the Snapshot Office Market Q1 2025 In Q1 2025, modern office spaces with... Read More
The year 2022 has a positive evolution in terms of the level of transactions, in the first semester the total newly leased area in Bucharest is 41% higher than in the same period of 2021.
Download the ESOP study_Office Market Snapshot_S1 2022
At the end of the first semester of 2022 in Bucharest, six office buildings were completed or are very close to completion, with a total leasable area of 98,000sqm. All buildings are part of multiphase projects: the London and Oslo buildings within Sema Parc, the B1 and B2 buildings in @Expo project, the second phase of Afi Tech Park and the Tandem building in the project on Matei Millo Street.
In S1 2022 in Bucharest, a total area of 154,450sqm of modern office spaces was rented. 25% was represented by the extension of the lease contracts in the current premises and 75% by the rent of new surfaces (newly contracted offices and expansions in existing ones). The most sought-after area was the Center-West, with 33% of the companies’ preferences for renting new spaces, followed by the Center-North area with 28%.
The most active tenants were companies in the IT&Communication sector with 23% of the newly leased area, followed by companies in the Professional Services sector with 13% and Energy, Medical&Pharma and Real Estate&Construction sectors, each with 8% of the leased area.
Area | Project Name | Delivery | Surface (sqm) | Location |
CENTRAL-NORTH | @EXPO – Building B1 | S1 2022 | 11,000 | Piata Presei |
@EXPO – Building B2 | S1 2022 | 10,000 | Piata Presei | |
CENTRAL-WEST | Sema Parc – London | S1 2022 | 21,500 | Splaiul Independentei |
Sema Parc – Oslo | S1 2022 | 10,000 | Splaiul Independentei | |
Afi Tech Park 2 | S1 2022 | 26,000 | Razoare | |
ONE Cotroceni Park 2 | S2 2022 | 34,000 | Razoare | |
DOWNTOWN | Tandem | S1 2020 | 21,000 | Universitate |
H Tudor Arghezi | S2 2022 | 5,800 | Universitate |
By December 31, 2022, the completion of a smaller number of office buildings than in the previous years is scheduled, with a total of 140,000sqm of office space.
The map shows the rent levels in the main business areas. During the year, some adjustments might take place due to the negotiations between the tenants and the landlords.
ESOP’s portfolio includes, in addition to office buildings for rent in Bucharest, office spaces for sale in Bucharest, industrial parks and warehouses for rent, as well as office spaces for rent in the main cities of the country.
If you would like more information, please contact the ESOP team by filling this brief form, or by phone (+4) 0723.26.61.97 or (+4) 021.528.04.40. We’ll promptly answer your inquiry!