Which Companies Leased Office Space in H1 2026? Key Transactions in Bucharest and Other Major Cities

In the first half of 2026, office transactions in Bucharest, covering existing buildings as well as projects under construction, totaled 103,210 sqm, with an additional 24,969 sqm recorded in Romania’s main regional cities. Beyond the overall volume, H1 2026 brings several important signals for companies assessing the market: the return of pre-leasing activity in Bucharest, a decline in the share of lease renewals, and a gradual recovery in the pipeline of new office projects. Together, these trends could broaden relocation options over the next 1-2 years.

Pre-leasing activity returns to the Bucharest market

One of the most relevant developments in Bucharest during the first half of the year was the return of pre-leasing activity, following a period in which the supply of new office space was extremely limited. This supply reached a historic low in 2025, when no new office projects were delivered.

Key PRE-LEASE transactions in Bucharest in H1 2026:

Company	Leased area (sqm)	Project	Area	Industry
Veolia	6,000	Green Court – Building D	Central-North	Energy & Utilities
Strabag	4,500	Queens	Central-North	Construction & Real Estate
Scor	3,231	Timpuri Noi Square Phase II / Building 5	Central-South	Financial Services

Three projects currently under construction accounted for some of the largest pre-leases recorded during the first half of the year:

Green Court – Building D                  Queens                  Timpuri Noi Square Phase II

Leasing and expansions in existing buildings maintain their pace in Bucharest

On the leasing and expansion segment, transactions recorded in H1 2026 were more broadly distributed across areas and projects, ranging from buildings in the city centre to established office hubs in the Central-North and Central-West areas.

Key LEASING & EXPANSION transactions in Bucharest in H1 2026:

Company	Leased area (sqm)	Building	Area	Industry
Engie	5,300	Matei Millo OB	Central	Energy & Utilities
Scor	2,300	Business Garden Bucharest	Central-West	Financial Services
The Magnum Ice Cream Company	2,140	Globalworth Square	Central-North	Personal Services
Veolia	1,700	Globalworth Plaza	Central-North	Energy & Utilities
Rohde & Schwarz Topex	1,600	Iride Business Park 19	Central-North	IT & C
Global E	1,450	The Bridge 3	Central-West	IT & C
Revolut	1,400	Charles de Gaulle Plaza	Central-North	Financial Services
Prima Development	1,300	U-Center 1	Central-South	Manufacturing & Industry
Paralela 45	1,098	AFI Loft	Central-North	Personal Services
PIP Global Safety	1,000	Hermes Business Campus	Central-North	Manufacturing & Industry
Tema Energy	1,000	Globalworth Tower	Central-North	Energy & Utilities

Renewals decline as a share of the market, but remain relevant for large companies

Lease renewals and renegotiations totaled 30,438 sqm in H1 2026, compared with 48,757 sqm during the same period in 2025, reducing their share of the total transaction volume.

Key RENEWAL transactions in Bucharest in H1 2026:

Company	Leased area (sqm)	Building	Area	Industry
Rohde & Schwarz Topex	8,000	Iride Business Park 19	Central-North	IT & C
Evoke (SparkWare)	2,400	Business Garden Bucharest	Central-West	IT & C
Lagardere Travel Retail	2,300	Globalworth Campus – Building C	Central-North	FMCG
Hotspot Workspace	1,935	The Mark	Central	Construction & Real Estate
Arobs	1,350	Orhideea Towers	Central-West	IT & C
Sophos	1,200	AFI Park 5	Central-West	IT & C
Hiperfy	1,200	Globalworth Plaza	Central-North	IT & C
LSG	1,055	Green Gate	Central-West	Construction & Real Estate
Policolor	1,020	AFI Tech Park – Building A	Central-West	Manufacturing & Industry

In Romania’s main regional cities, renewals maintain a slightly higher share

Transactions involving office space in Romania’s main regional cities totaled 24,969 sqm in H1 2026. Unlike Bucharest, lease renewals and renegotiations continued to account for a slightly larger share of total transactions: 52%, compared with 48% for (pre-)leases and expansions.

Key transactions in OTHER CITIES in H1 2026:

City	Company	Leased area (sqm)	Transaction type	Building	Industry
Cluj-Napoca	Grab Chronos	1,580	Lease	Binarium Office	IT & C
Timisoara	Karcher Global Solutions	775	Lease	Isho Offices	Professional Services
Timisoara	Regus	735	Lease	Isho Offices	Construction & Real Estate
Cluj-Napoca	Iron Mountain	450	Expansion	Liberty Technology Park C	Professional Services
Cluj-Napoca	Trumph	400	Lease	Novis Plaza	Manufacturing & Industry

Key RENEWAL transactions in other cities in H1 2026:

City	Company	Leased area (sqm)	Transaction type	Building	Industry
Timisoara	Magna	4,500	Renewal	Iulius Town UBC 2	Manufacturing & Energy
Timisoara	Banca Transilvania	1,200	Renewal	AFI Park Timisoara	Financial Services
Cluj-Napoca	Artmark Dental	150	Renewal	Record Park	Medical & Pharma

What do H1 2026 transactions indicate for the period ahead?

The transaction structure recorded during the first half of the year points to a market in transition. The return of pre-leasing activity, together with the higher share of leases and expansions, suggests growing interest in relocation opportunities and the resumption of development activity.

At the same time, new supply is beginning to recover after two years of very limited deliveries. Projects announced for 2026–2027 total almost 158,000 sqm, while asking rents for new developments generally range between €19 and €23/sqm/month, depending on location and building characteristics.

For companies considering a relocation, expansion or renewal of their current lease over the next 1-2 years, starting the assessment early allows for a more efficient review of the available alternatives. The practical conclusion is simple: the earlier the process begins, the more options there are and the stronger the negotiating position.

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