Bucharest Office Market Snapshot in the third quarter of 2020

An Esop Consulting office market study for Bucharest in the third quarter of 2020

  • the demand for modern office space in Bucharest was of 56,400 sqm
  • 52% of the clients opted to renew the contracts in the current locations

Download the ESOP_Office Market Snapshop_Q3 2020


In the third quarter of 2020, Campus 6.3, an office building with a usable area of 17,600sqm was completed in Bucharest, the third stage of a multiphase project. The building was fully pre-rented.

Occupier focus

In Q3 2020, the demand for modern office space in Bucharest was 56,400sqm, the proportion being balanced between the renewals of the lease contracts in the current locations, 52%, and the renting of new spaces, 48% of the total traded volume. The most sought-after areas were the North and Center-North, with 60% of the companies’ preferences for renting new spaces, followed by the Center-West with 28% of the total rented area.
The most active occupiers were companies from the Professional Services sector, with 48% from the total take-up, followed by companies from Construction & Real Estate sector with 12% and Technology and Telecommunications with 12%.

Main Transactions in Q3 2020

Main Projects to be delivered in 2020

Area Project Name Delivery Surface (sqm) Location
CENTRAL-NORTH Ana Tower S1 2020 35.000 Piata Presei
Globalworth Campus C S1 2020 28.000 Pompei
ONE Tower S2 2020 23.800 Floreasca
CENTRAL-WEST Business Garden Bucharest S1 2020 43.000 Grozavesti
The Bridge III S1 2020 21.200 Grozavesti
Campus 6.3 S2 2020 17.600 Politehnica
ULTRACENTRAL H Victoriei 109 S1 2020 6.700 Victoriei
Bratianu 12 S1 2020 1.900 Universitate
Dacia ONE S2 2020 13.900 Romana


By the end of 2020, over 200,000 sqm of modern office space is forecasted to be completed.

The map shows the rent levels by class in main business areas, in the second quarter of 2020. During the year, some adjustments might take place.

ESOP Partners In Time

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!

Mirela Raicu

Founder Partner of ESOP Consulting CORFAC International, coordinator of the Corporate Office Spaces division, with 18 years of experience in real estate consulting and entrepreneurship.

0% Tenant fee!
700 - 2.765 sqm

ONE Tower

Floreasca, Bucharest
  • 22€/sqm, negotiable
0% Tenant fee!
800 sqm

H Victoriei 109

Calea Victoriei, Bucharest
  • 25€/sqm, negotiable
0% Tenant fee!
260 sqm

Dacia One

Romana, Bucharest
  • Price on request!

Postari similare

The Bucharest Office Market in the 1st Quarter of 2023

The distribution of the tenants according to their sector of activity was very balanced in this quarter. The most sought-after area was the Center-North, with 71% of the companies’ preference for renting new spaces. At the end of the first quarter of 2023 in Bucharest, three office buildings were completed, with a total leasable area […]

Read more

Bucharest Office Market Update in the Beginning of 2023

107,000 sqm of office spaces delivered in 2022, 60% less than in 2021 and almost 50% less than the 5 years deliveries average Over 93% of spaces were delivered in the 1st Semester (approximately 100,000 sqm) 90% of the new spaces are in office buildings that are part of business parks For 2023 and 2024, […]

Read more

Bucharest Office Market Snapshot in the Third Quarter of 2022

The third trimester of 2022 in the office market in Bucharest is distinctive by the large proportion of lease contract renewals in current spaces, adding up to almost half of the total leased area. Professional Services was the most active industry in the 3rd quarter, with 37% of the transactions, after the first half of […]

Read more