ESOP

The Office Market in Bucharest at the Beginning of 2025

The office market in 2024 continued to be influenced by the persistence of hybrid work models in numerous organizations, particularly in the IT&C sector. Additionally, there was a temporary stagnation in investment projects by both international and local companies, in the context of a fragile economic and geopolitical climate, both domestically and globally. Download the […]

by Mirela Raicu
29 January 2025
Real Estate Reports

The Office Market in Bucharest in the 3rd Quarter of 2024

THE TRADING LEVEL IN Q3 2024 Rent transactions by Category In Q3 2024, the total office area rented in Bucharest reached 78.590 sqm. Download the ESOP study_The Office Market in Q3 2024 Out of those, 48% were (Pre) Lease & Expansion transactions, while 52% were Renewal & Renegotiation transactions in the current premises. (Pre) Leases […]

by Mirela Raicu
9 October 2024
Real Estate Reports

The Office Market in Bucharest in the 1st Semester of 2024

THE TRADING LEVEL IN S1 2024 Rent transactions by category In S1 2024, the total office area rented in Bucharest reached 160.000 sqm. Of those, 54% were (Pre) Lease & Expansion transactions, while 46% were Renewal & Renegotiation transactions in the current premises. Download the ESOP study_The Office Market in S1 2024 (Pre)Leases & Expansions, […]

The Office Market in Bucharest in the 1st Quarter of 2024

THE TRADING LEVEL IN Q1 2024 In Q1 2024, a total area of 87,316 sqm of modern office spaces were rented in Bucharest, of which approx. 52,000 sqm, representing 60%, were Renewal & Renegotiation transactions in the current premises, while 35,000 sqm, meaning 40% were (Pre) Lease & Expansion transactions. The most sought-after area of […]

The top of office buildings in Bucharest, according to the leased areas in the first 9 months of 2023

1. In the top of office buildings in Bucharest in 2023, U Center was the number 1 preference of companies for new office spaces, with lease transactions for 24,370 sq m being concluded here. U Center is a class A office project, located between two parks, Tineretului Park and Carol Park. The area is very […]

by Mirela Raicu
1 November 2023
Recent Transactions

The Bucharest Office Market Update S1 2023

In S1 2023, the total volume of transactions on the Bucharest office market reached 176,900 sqm. The most sought-after area in S1 2023 was the Central-North one, with 69% of the total (Pre)Lease & Expansions volume. The IT&C industry had clearly led the office market in S1 2023, with 35% of the newly leased areas. […]

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 […]

The share of IT&C tenants in the Bucharest office space market at the end of 2022 and forecasts for 2023

In 2022, the most active companies were those in the field of IT&C, BPO, and SSC, with 23% of the total volume of transactions, followed by those in the field of Professional Services with 17%. Among the companies that rented office spaces with significant surfaces in 2022, we mention EveryMatrix, Cegeka, Softbinator Technologies, Expleo, Infineon, […]

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, […]

by Mirela Raicu
3 February 2023
Real Estate Reports

Bucharest Office Market in the First Semester of 2022

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 […]