Romanian Office Market Update in Q3 2026

OFFICE TRANSACTIONS IN BUCHAREST IN Q3 2026

40K sqm leased in Bucharest in Q3 2026

Download the ESOP study Romanian Office Market Update_Q3 2026

In Q3 2026, modern office spaces totaling 39,966 sqm were leased in Bucharest, 29% less than in Q3 2025.

Of this total:

▪ (Pre)leases and Expansions accounted for 61.6% (24,601 sqm),

▪ while Renewals/Renegotiations represented 38.4% of the total transaction volume (15,365 sqm).

Representative transactions in Bucharest, Q3 2026

Company	Surface	Building	Transaction Type	Industry
	(sqm)
Premier Energy	3,000	ARC Office	Pre-Lease	Energy & Utilities
B+N Integrated Facility Services	1,500	Green Court D	Pre-Lease	Construction & Real Estate
Hotspot	1,400	ONE Tower	Lease	Construction & Real Estate
Mogo Finance	1,000	Business Garden Bucharest	Lease	Financial Services
Tema Energy	1,000	Globalworth Tower	Lease	Energy & Utilities

The 3rd Quarter, typically characterized by lower activity in the office market due to the summer season, saw in 2026 a transaction volume that fell below the levels recorded during the same periods in 2024 and 2025.

Specifically:

▪ (Pre)Leases and Expansions were 25% lower than in Q3 2025 and 35% lower than in Q3 2024.

▪ Renewals / Renegotiations also saw a significant decline, with their volume dropping by 39% compared to Q3 2025 and by 62% compared to Q3 2024 2025.

The volume of transactions in the first 9 months of 2026, in Bucharest

Analyzing the cumulative activity for the first nine months of 2026, the volume of pre-leases, new leases, and expansions recorded a 13% increase compared to the same period in 2025, though it remained 22% below the level seen in 2024.

A significant decline in the volume of renewals and renegotiations, down 38% from the first nine months of 2025 and 60% from 2024, has heavily influenced market trends. Consequently, despite the growth in pre-leases, new leases, and expansions, the total transaction volume fell by 11% compared to 2025 and by 40% compared to 2024.

Although transaction activity cooled in Q3 2026, following two more dynamic quarters, the results of the final quarter will be crucial in shaping the annual performance of the office market.

(Pre) Leases and Expansions, by AREA

51% of the newly leased space, totaling 12,337 sqm, was contracted in the Central-North area.

In the Central-West area, 31% of the office space newly contracted in the third quarter, amounting to 7,500 sqm, was leased.

(Pre) Leases and Expansions, by INDUSTRY

The most active tenants in Bucharest in the third quarter of 2026 were firms in the Professional Services sector, accounting for 22% of the newly leased space, followed by companies in the Energy & Utilities sector with 19%.

The ranking is rounded out by firms in the Construction & Real Estate sector, with 17% of the newly leased space, and the IT&C, BPO, and SSC sector, with only 12%.

TRANSACTIONS IN Q3 2026 IN OTHER MAJOR CITIES

In Q3 2026, the volume of office transactions in the country’s major cities totaled 13,842 sqm, of which 56% consisted of (pre)leases and expansions, while 44% comprised renewals and renegotiations.

Iași dominated transaction activity, accounting for 63% of the total volume, followed by Timișoara (27%) and Cluj-Napoca (5%).

For the first nine months of 2026, the total transaction volume reached 38,811 sqm, a decrease of 20% compared to 2025 and 22% compared to 2024. This trend was primarily driven by a 38% decline in the volume of (pre)leases and expansions relative to 2025, whereas renewals and renegotiations saw an increase of 16%.

If you would like more information about the office spaces for rent in Bucharest, 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!