The Bucharest Office Market in the 1st Quarter of 2026

by Mirela Raicu
4 May 2026
Real Estate Reports
0

OFFICE DEMAND & TRANSACTIONS

49,718 sqm rented in Bucharest in Q1 2026

Download the ESOP study The Bucharest Office Market in Q1 2026

In Q1 2026 total leasing activity of modern office space in Bucharest reached 49,718 sqm.

Out of those:

▪ (Pre) Leases & Expansions had a share of 81% (namely 40,128 sqm),

▪ Renewals & Renegotiations reached 19% of total transactions (mainly 9,590 sqm).

Representative transactions in Q1 2026

Company	Surface (sqm)	Building	Transaction Type	Industry
Engie	5.300	Matei Millo	Expansion	Energy
SCOR	3.231	Timpuri Noi Square	Pre-Lease	Financial Services
Prima Development	1.300	U-Center	Lease	Manufacturing & Industrial
PIP Global Safety	1.000	Hermes Business Campus	Lease	Manufacturing & Industrial

Although the level of office transactions in the first quarter of 2026 is slightly below the last quarter (Q4 2025), it increased by 40.6% from Q1 2025, respectively by 9,6% from Q1 2024.

(Pre) Leases & Expansions, by AREA

40% of the net take-up, over 16,026 sqm were leased in Central-North and North areas.

In the Central-West area, were leased 32% of the office spaces rented in the first trimester (12,881 sqm).

(Pre) Leases & Expansions, by INDUSTRY

The most active tenants in Bucharest in the first quarter of 2026 were companies from the IT&C, BPO and SSC sectors with 23% of the newly leased area, followed by companies from the Financial Services sector with 18%. The order is completed by companies from the Energy and Construction & Real Estate sectors, both with 14% of the newly leased area.

STOCK & PIPELINE

In the first quarter of 2026 no new office buildings were delivered. However, for 2026 three office buildings are scheduled for delivery, with a combined area of 63,600 sqm: ONE Technology Park (build–to-suit for a single tenant), ARC Project, and ONE Gallery.

More substantial office developments, amounting to 118,000 sqm are scheduled for delivery in 2027.