Bucharest has cemented its position as one of Europe's most affordable business hubs, ranking fourth for prime office rents, according to the latest report from BNP Paribas Real Estate.
The city's prime rent sits at €246 per sqm annually, equivalent to €20.5 per sqm per month, making it more accessible than many other European capitals. It is outranked only by Tallinn, Vilnius, and Nantes in terms of affordability.
Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, said: "In a European context where office rents continue to rise, the stability of the Bucharest market and generous commercial incentives maintain the capital as a solid option for companies looking to optimize costs without compromising on space quality."
He further explained the vast cost difference with more expensive markets, stating that "A company could pay the equivalent of one month’s rent in a premium building in London for nearly nine months of rent in a top building in Bucharest."
This stability stands in contrast to the broader European trend, where average office rents have risen by 3.7% over the last 12 months. Landlords in Bucharest continue to offer attractive commercial packages, including free months of rent and contributions to fit-out costs, which further enhances the city's competitiveness.
However, despite this rental stability, the report indicates a decline in demand. The total volume of new office leases in H1 2025 reached 62,392 sqm, a 29.5% drop compared to the same period in 2024. This signals a more cautious approach from companies operating in the local market.
