Romanian real estate agency Griffes has closed lease deals worth more than €95 million in 2024, with Bucharest holding 75% of the total volumes.
The agency has brokered office lease deals totalling 85,000 sqm, of which 36% were relocations and the rest contract renewals. One of the most notable transactions was Genpact’s renewal of 30,000 sqm at Hermes Business Park.
“Whether through a record-setting renewal in Bucharest or a landmark lease in Cluj-Napoca, we have shown that personalized solutions and a deep understanding of market dynamics make all the difference. Regional university centres are stepping confidently onto the stage as major business hubs, and we’re thrilled to be part of their evolution,” says Andreea Păun, Managing Partner at Griffes.
The average office lease transaction in Bucharest stands around 1,300 sqm, while in the regional cities it ranges between 1,800 sqm in Cluj-Napoca and 700 sqm in other regional cities. In terms of take-up, Bucharest saw around 350,000 sqm of office space leased in 2024, reflecting its position as the country's primary business hub.
Griffes has continued to focus on landlord representation, with more than 130,000 sqm under exclusive mandates, starting from land acquisition, design consultancy, marketing and leasing strategy and sale.
