Bucharest Property Yields Stay High as Prime Rents Continue to Climb

Bucharest continued to record rental growth across its main commercial property sectors during the second quarter of 2026, while investment yields remained considerably above European averages, according to Cushman & Wakefield’s latest European market data.

Prime office rents in the Romanian capital reached €22 per sqm per month, an increase of 4.8% year-on-year. Prime office yields remained at 7.25%, compared with a European average of 5.39%. Across Europe, prime CBD office rents increased by 4.5% over the same period.

The strongest movement came from Bucharest’s high-street retail sector. Prime rents on Calea Victoriei increased to €90 per sqm per month, 28.6% above their level a year earlier, while prime retail yields stood at 7%. The rental increase significantly exceeded the 3% annual growth recorded across Europe’s prime high-street markets.

Industrial and logistics property also recorded further growth. Prime rents reached €4.80 per sqm per month, rising 2.1% year-on-year, with prime yields remaining at 7.5%. By comparison, European logistics rents increased by 2.4% annually, while the average European prime logistics yield stood at 5.23%.

“The European real estate market continues to be shaped by the occupiers’ focus on quality assets and the investors’ preference for markets offering an attractive balance between income return and long-term growth potential,” said Vlad Săftoiu, Head of Research at Cushman & Wakefield Echinox. He added that Bucharest’s combination of occupier demand and comparatively high yields continues to support its position within CEE.

Across the CEE region, office rents increased by an average of 5% year-on-year, retail rents by 7.4% and logistics rents by 0.8%. Bucharest therefore outperformed the regional average particularly strongly in high-street retail, while continuing to offer relatively high yields across offices, retail and logistics.

For investors, the yield premium does not automatically make Bucharest less risky or more attractive than Western European markets, as liquidity, financing conditions, asset quality and exit opportunities also influence investment decisions. Nevertheless, the Q2 figures show a market where prime rents are still moving higher while yields remain substantially above European benchmarks, maintaining Bucharest’s appeal to investors seeking higher income returns alongside rental growth.