Bucharest Office Marketbeat Q4 2024

The Q4 take-up totaled 106,800 sq. m, thus bringing the 2024 demand in Bucharest to 368,500 sq. m, which even though reflects a 20% drop compared with 2023, it is still the 3rd highest total ever recorded in Bucharest (after 2023 and 2019). The net take-up had a share of 44% in the 2024 demand (similar to 2023), as the overall vacancy rate in the city reached 14.2% at the end of the year (vs 14.7% in Q4 2023).