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

  • Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
  • Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
  • DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.


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