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

  • Vastint Romania secured its first tenant for Bucharest-based Timpuri Noi Square Phase 2, signing SCOR for 3,250 sqm. The transaction, brokered by CBRE, facilitates SCOR’s expansion within Vastint’s local portfolio. The company has previously leased 2,320 sqm in Business Garden Bucharest.
  • EVO Properties has named Alexandru Marin as the new Property Manager for the London and Oslo office buildings in Bucharest. He brings over 15 years of property management experience.
  • IF&B Mille Sapori, the importer and distributor of Italian food products in Poland, has leased 4,118 sqm in the MLP Pruszków II complex. The lease deal was brokered by Coldwell Banker Commercial.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.


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