Romanian Office Market in S1 2026
- 20 July 2026
- Real Estate Reports
In S1 2026, total leasing activity of modern office space in Bucharest reached 103,210 sqm. 58% of the net take-up, over 41,566... Read More
Romania’s industrial and logistics market opened 2026 on solid footing, consolidating a record 2025 when leasing activity reached roughly 990,000 sqm, up from 618,200 sqm in 2024 and well above the 761,400 sqm yearly average of 2020-2024.
The market is decentralising
Significant 2025 deliveries occurred outside Bucharest as developers chase lower wages and labour, opening new submarkets along the A1, A0 and A7 corridors.
Download the ESOP Market Research_Romania_Industrial_Market_S1_2026
Over 300 km of new highway in 2026
Unlocking previously underserved regions – Moldavia and the southern and eastern outskirts of Bucharest.
In S1 2026, national leasing activity totalled 250,000 sqm – a 7.6% decline year-on-year. New demand accounted for 62% of take-up, confirming occupiers continue to expand. Bucharest–Ilfov remained the engine of the market.
Stock & Pipeline. Modern leasable stock has surpassed 8 million sqm, with ~450,000 sqm under construction nationally (~350,000 around Bucharest). 2026 full-year completions are projected materially higher than 2025. The pipeline is still dominated by pre-let, build-to-suit (BTS) product anchored by CTP and WDP – but a growing share of speculative warehousing is emerging, which is where negotiating leverage will sit.
Demand profile. Automotive occupiers led S1 logistics activity, while the spaces for production summed up to 32% of the total rentals.
| Tenant | Park | Size (sqm) | Type |
| Autonet | CTPark Bucharest South | 26,000 | Renewal |
| FM Logistic | CTPark Bucharest | 10,300 | Expansion |
| Arcese | CTPark Bucharest West | 10,000 | Renewal |
| Epiesa | VGP Park Bucharest A2 | 8,000 | Pre-Lease |
| Novaintermed | VGP Park Bucharest | 6,200 | New Lease |
| Lift Banat | VGP Park Timisoara | 5,900 | New Lease |
| Yusen Logistic | P3 Logistic Park | 5,600 | Renewal |
| Drim Daniel Distribuție | MLP Bucharest West | 5,200 | Expansion |
| Fabi Total Grup | CTPark Bucharest South | 4,700 | New Lease |
Headline rents have plateaued (€4.50-5.00/sqm/mo for prime BTS). For occupiers, the real lever is the effective rent – net of incentives that includes all de add-ons offered by the landlords (free rent months, fit-out contribution).
If your lease expires in the next 6-18 months, you are in the decision window now. With ~500,000 sqm under construction and new speculative space arriving, 2026 is a rare occupier-favourable window – but only for those who engage early. Wait until 6 months out and you forfeit your biggest lever: the credible option to relocate.
Indexation (MUICP-linked) compounding against high inflation; rising service charges; ESG / EU Taxonomy compliance; clear height, dock-to-floor ratios, cross-docking and mezzanine specs; and labour availability – the most under-priced factor. The “cheapest rent” rarely equals the lowest total occupancy cost.
Backed by CORFAC International’s global network, we convert market intelligence into commercial terms: below-market effective rents, rent-free periods, fit-out contributions and optimal BTS structures. We model true occupancy cost and run the relocation option in parallel – so the landlord competes for your tenancy.
Book a confidential Portfolio Review & Lease Audit. In one session ahead of your renewal, we benchmark your rent and incentives against live S1 2026 terms, flag indexation exposure, and map the relocation alternatives that strengthen your hand. The earlier we start, the more we save you.
ESOP’s portfolio includes, in addition to industrial parks and warehouses for rent, also office buildings for rent in Bucharest, office spaces for sale in Bucharest, as well as warehouses and office spaces for rent in the main cities of the country. If you would like more information, please contact the ESOP team by filling out this brief form, or by phone (+4) 0723.26.61.97 or (+4) 021.528.04.40. We’ll promptly answer your inquiry!