Bucharest office fit-out, among the most affordable in CEE

16
Apr
2026
News - Bucharest office fit-out, among the most affordable in CEE #Andrei Ianculescu #Bucharest #CEE #Construction #Cushman&Wakefield Echinox #ESG #Fit-Out Costs #Office #Romania

by Property Forum | Office

The average total office fit-out costs in Bucharest increased slightly in 2025 to around €1,000 per sqm, according to data from Cushman & Wakefield Echinox. However, Bucharest remains one of the most affordable markets in CEE, with fit-out costs 18% and 15% lower than in Warsaw and Prague, respectively.


A full fit-out project in Bucharest, including all interior works across various specialties, building management systems, furniture, audio-video equipment, professional services and contingency costs is being budgeted at an average of €1,077 per sqm. Depending on the complexity of projects, materials and solutions used, as well as how the space is delivered to the tenant, fit-out budgets can range from approximately €800 per sqm to nearly €1,600 per sqm.

Andrei Ianculescu, Head of Project & Development Services at Cushman & Wakefield Echinox, said: "After a period of cost volatility, we are noticing a relative stabilisation. However, labour remains the main source of pressure in fit-out budgets along with delivery schedules for materials and equipment. At the same time, companies are calibrating their investments toward more efficient, sustainable, and better-equipped spaces, so fit-out decisions are increasingly made based on the total occupancy cost, not just on the initial investment."

In 2025, fit-out budgets were shaped by a mix of market and economic factors, with higher labour and materials costs continuing to weigh on project budgets. While wage growth is expected to decelerate, labour remains the main driver pushing costs up. Moreover, even though prices for materials have partially stabilised, inflationary pressure is still visible in overall project budgets.

Sustainability requirements are another cost factor. Investments in energy-efficient solutions and ESG-aligned upgrades can raise upfront fit-out costs, but they aim to reduce operating expenses over time. Geopolitical volatility and macroeconomic uncertainty have also kept many occupiers cautious, adding pressure on delivery schedules and on the labour component of fit-out projects.




Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


Latest news

News - Croatia's hospitality construction faces slowdown risk this summer
07
May
2026

Croatia's hospitality construction faces slowdown risk this summer

by Property Forum
Croatia's construction sector is threatened with damage this summer due to the ongoing US-Israeli-Iran conflict. While the pain has not been intense so far, the situation could worsen significantly by mid-June or even late May, according to an analysis by the Eastern European Construction Forecasting Association (EECFA).
Read more >
News - Romania's industrial stock tops 8 million sqm in Q1 2026
07
May
2026

Romania's industrial stock tops 8 million sqm in Q1 2026

by Property Forum
Romania's industrial and logistics market reached over 8 million sqm in Q1 2026, with approximately 115,000 sqm of new space delivered. At the same time, around 500,000 sqm are currently under construction, according to Cushman & Wakefield Echinox's report.
Read more >
News - CEE real estate investment posts strong recovery in 2025
07
May
2026

CEE real estate investment posts strong recovery in 2025

by Property Forum
CEE real estate investment rebounded strongly in 2025, with volumes reaching €11.6 billion across six core markets, representing a 31% year-on-year increase according to Colliers. 
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy