by Mirela Raicu 
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 Bucharest was Center-North, with 51% of companies preference for renting new spaces, followed by the Downtown area with 19%.
Download the complete study ESOP_The Office Market in Q1 2024
Compared to the previous quarter (Q4 2023), the (Pre)Lease and Expansion transactions were at a significantly lower level, with approx. 37%, but compared to the same period of the previous year, they registered a slight increase of 12.5%.
The most active tenants in Bucharest in the first quarter of 2024 were the companies from the Public sector with 16% of the newly leased area followed by the companies from the IT&Communication sector with 13%, and Manufacturing&Industrial with 12% of the leased area.
Approx. 70% of the transactions involved surfaces between 1,000 – 5,000 sqm.
| Company | Surface (sqm) |
Building |
Area |
Location |
| GOODYEAR | 4,000 | Floreasca Park | Center-North | Barbu Vacarescu |
| BGS | 1,720 | AFI Tech Park | Center-West | Academiei |
| HTSS | 1,680 | J8 Office Park | Center-North | Expozitiei-Jiului |
| REGINA MARIA | 1,500 | Baneasa Airport Tower | Center-North | Baneasa |
| MSD | 1,400 | Ana Tower | Center-North | Piata Presei |
| SWIETELSKY | 1,250 | S-Park | Center-North | Piata Presei |
In Q1 2024 no new office project was delivered, and this year will record the lowest level of delivered office spaces, namely 16,000 sqm within the AFI Loft Project.
Although in 2024 a period of lull in the development of office buildings in Bucharest is foreseen, companies that are considering changing or expanding their headquarters have extensive areas in high-class office buildings already in use and have office spaces available.
A special opportunity for companies evaluating relocation in 2024 is represented by the existence of “turnkey” office spaces, fully furnished, which are available for rent either from rental companies that have surplus areas or directly from the owners of the office buildings.
ESOP’s portfolio includes, in addition to office buildings 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!
Founder Partner of ESOP Consulting CORFAC International, coordinator of the Corporate Office Spaces division, with 18 years of experience in real estate consulting and entrepreneurship.
EXECUTIVE SUMMARY Romania’s industrial and logistics market opened 2026 on solid footing, consolidating a record 2025 when leasing activity reached roughly 990,000... Read More
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
OFFICE DEMAND & TRANSACTIONS 49,718 sqm rented in Bucharest in Q1 2026 Download the ESOP study The Bucharest Office Market in Q1... Read More
EXECUTIVE SUMMARY Romania’s industrial and logistics... Read More
In S1 2026, total leasing activity... Read More
Bucharest’s office leasing market remained stable... Read More
OFFICE DEMAND & TRANSACTIONS 49,718 sqm... Read More
In logistics, optimizing storage space is... Read More
