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
In the first quarter of 2019, the total stock of office space in Bucharest exceeded 3 million sqm. In terms of new supply, three office projects were completed, with a total GLA of 92,000 sqm. Demand continued to be strong, with pre-letting activity accounting for 35% of the total volume transacted. Prime rents are expected to remain stable going forward.
Download the Office Market Snapshot-Q1 2019
In Q1 2019, demand for modern office space in Bucharest was of 107,000 sqm. Net take-up represented 79% from the total volume recorded and consisted mainly of pre-leases and new operations. West and north areas attracted the largest share – approx 80% of the net take-up.
The most active occupiers were companies from Technology and Telecommunications sector – 53% from the total take-up, followed by companies from Financial sector.
By the end of 2019, over 300,000 sqm of modern office space is forecasted to be completed. Due to the high number of office projects under development, rental levels are forecasted to remain stable. Demand for quality office space is projected to follow the same positive trend going forward.
Harman Romania· 10.000 sqm· Metroffice – Bucharest· Pre-lease and enter Romania Market |
1 and 1 Romania· 3.500 sqm· Sky Tower – Bucharest· Relocation from Non-Competitive Stock |
Hella Romania· 4.000 sqm· City Business Center – Timisoara· Pre-lease and relocation from Non-Competitive Stock |
Medlife· 2.300 sqm· Victoriei BC – Bucharest· Relocation from Non-Competitive Stock |
Hella Romania· 5.000 sqm· Electroputere – Craiova· Pre-lease and relocation from Non-Competitive Stock |
Beller Soft· 1.250 sqm· Timpuri Noi Square – Bucharest· Relocation from Non-Competitive Stock |
Lukoil Technologies· 4.300 sqm· Aviatiei BC – Bucharest· Relocation from Non-Competitive Stock |
Ludan Engineering· 1.250 sqm· AFI Tech Park – Bucharest· Pre-Leasing from Non-Competitive Stock |
ESOP’s portfolio includes, in addition to business parks 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!