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.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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