The Office Market in Bucharest in the 1st Quarter of 2025

44,820 sqm leased in Bucharest in Q1 2025

Download the Snapshot Office Market Q1 2025

In Q1 2025, modern office spaces with a total area of 44,820 sqm were rented in Bucharest.

Among those:

(Pre) Leases and Expansions had a share of 63.5% (namely 28,450 sqm),

Renewals and Renegotiations represented 36.5% of the volume of transactions (namely 16,370 sqm).

Downtrend vs Q1 2024

Compared to the same period in 2024, there was a decrease in both the (Pre) Leases and Extensions segment – by 19%, and the Renewals segment, by 69%.

(Pre) Leases and Expansions, by AREA

The most sought-after area of ​​Bucharest was Center-North, with 70% of the preferences of companies that chose to relocate to new headquarters (respectively 19,859 sqm).

In second place was the Center-West area with 22% (respectively 6,167 sqm), the other areas adding up to 8%.

(Pre) Leases and Expansions, by Activity

The most active tenants in Bucharest in the first quarter of 2025 were companies in the Services and Consumer Goods sector with 21% of the newly leased area, followed by companies in the Financial sector with 19%, and Professional Services, with 18% of the leased area.

Main Transactions in Q1 2025

Company	Surface (sqm)	Activity	Building	Area
Transilvania Bank	4,800	Financial Services	Green Court	Central-North
Cris-Tim	2,800	Consumer Goods	Oregon Park	Central-North
Schindler Romania	1,160	Manufacturing & Industrial	Business Garden Bucharest	Central-West
Jacobs Douwe	1,160	Consumer Goods	Sky Tower	Central-North
Tchibo	1,130	Consumer Goods	Business Garden Bucharest	Central-West

The office space Offer

No new office buildings were completed in Q1 2025.

Although 2025 is expected to be a period of particularly low supply of new projects in Bucharest, companies considering relocating or expanding their offices have extensive space available in high-end office buildings already in use and with available office space.

Rent levels remained relatively stable, supported by limited demand and a low supply of new space.

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!