Wednesday, 7 October 2026
Bucharest’s office market recorded more than 93,000 sqm of net leasing demand during the first nine months of 2026, an increase of 6% compared with the same period last year, according to Crosspoint Real Estate. The improvement came despite a decline in overall transaction volume, pointing to a market where companies are taking new space but generally making more measured commitments.
Total leasing reached 140,388 sqm between January and September, 14% below the corresponding period of 2025. New leases accounted for 67% of the volume, while renewals represented 32% and subleases the remaining 1%.
The composition of net demand indicates that companies entering the Bucharest market played a substantial role in activity. New entrants generated 42% of net take-up, relocations represented 36% and expansions accounted for 22%. Pre-leasing also returned following a period of limited development activity, representing around one fifth of net demand.
Companies are nevertheless becoming more conservative about the amount of space they occupy. The average office transaction fell below 1,000 sqm during the first nine months, compared with 1,364 sqm a year earlier. Crosspoint links the reduction partly to the longer-term adoption of hybrid working and changes in workforce requirements across some industries.
Location preferences have remained considerably more consistent. Around 72% of transactions involved offices situated within 500 metres of a metro station. Floreasca–Barbu Văcărescu attracted 33% of demand, followed by Centre-West with 25% and Bucharest’s central business district with 13%.
Technology companies generated the largest share of leasing demand at 34%. Energy and industrial businesses accounted for another 26%, while financial services represented 9%. The figures indicate that technology remains an important source of office demand, although activity is increasingly spread across several business sectors.
One of the larger transactions involved Rohde & Schwarz Topex at myhive IRIDE | nineteen. The company renewed approximately 8,000 sqm and added another 2,000 sqm, increasing its total occupation to around 10,000 sqm. Crosspoint Real Estate advised on the transaction.
The supply picture also changed during the third quarter. One Technology District, a development of more than 20,000 sqm built for Infineon Technologies, became the first new Bucharest office building completed in around 18 months. No other major deliveries are expected before the end of 2026.
Development activity is expected to increase during the following two years. Crosspoint identifies nine projects representing close to 200,000 sqm that are scheduled for delivery during 2027 and 2028. Until this space reaches the market, the consultancy expects Bucharest’s vacancy rate to remain below 10%, with availability particularly constrained in newer buildings in established locations.
The first nine months therefore show two trends developing simultaneously. Companies continue to generate new requirements and are again prepared to commit to buildings before completion, but individual space requirements are becoming smaller. For landlords and developers, accessibility and building quality remain important differentiators as occupiers seek to reduce the quantity of space they use without necessarily lowering their requirements for its location and specification.
