Companies have contracted office spaces for over 7,000 new employees in the first half of 2025, with new demand totaling 64,300 sqm on the Bucharest market, according to a report by Cushman & Wakefield Echinox.
The total number of employees working in modern office buildings (classes A and B) has exceeded 340,000, representing approximately 30% of the total salaried workforce in the capital.
Demand for office space was primarily driven by companies in the IT&C sector (25%), followed by FMCG and retail operators (17%), and the financial sector (15%).
Although the total demand in H1 2025 (121,400 sqm) recorded a 28% decrease compared to the same period last year, activity accelerated in Q2, with a 37% increase over Q1, reaching 70,100 sqm transacted.
Mădălina Cojocaru, Partner, Office Agency at C&W Echinox, said: “The Bucharest office market remains solid, even if total demand has experienced a temporary decline. Interest in modern, efficient, and well-located spaces is high, especially in central areas and the CBD, where the vacancy rate is very low. As no new deliveries are planned for 2025, this situation favours the rapid occupation of existing spaces and puts pressure on rents in submarkets with limited availability. By the end of the year, we estimate a stabilisation of demand and sustained activity in relocation and office portfolio optimisation processes.”
The vacancy rate in Bucharest continued to decrease, reaching 13.4%, the lowest level since Q2 2021. This trend is expected to continue, given that no new building deliveries are scheduled for 2025, and demand will focus on existing available spaces.
Rents remained stable in the first half of the year, with monthly benchmark values ranging from €20.00 – €21.00 per sqm in the CBD and €15.00 – €18.00 per sqm in central areas.
