Market Update Romania 2026
Bucharest, October 2026: The stock of flexible office space in Bucharest has reached approximately 73,500 sq. m, more than six and a half times the 11,100 sq. m recorded in 2015, according to the Bucharest Flex Office Overview 2026 report by Cushman & Wakefield Echinox. There are currently at least 46 operational centers operated by 24 companies across Bucharest, while flexible office space accounts for approximately 2.1% of the city’s total office stock.
Despite the significant expansion recorded over the past decade, Bucharest still ranks below other Central and Eastern European capitals in terms of flexible office space as a share of total office stock, indicating further growth potential for the segment.
Flexible offices account for 2.1% of Bucharest’s office stock, compared with 4% in Warsaw, 3.9% in both Prague and Sofia, and 2.3% in Bratislava. In terms of volume, Warsaw has approximately 250,000 sq. m of flexible office spaces, followed by Prague with 153,300 sq. m, Sofia with 92,000 sq. m, Bucharest with 73,500 sq. m, and Bratislava with 40,500 sq. m.
Madalina Cojocaru, Partner, Office Agency, Cushman & Wakefield Echinox: “The growth of this segment reflects a broader shift in the way companies plan their workplace strategies. For occupiers, flexible workspace is no longer seen merely as a solution to temporary needs, but increasingly as a complementary piece of their overall office approach. The ability to accommodate project teams, operate satellite offices or adjust space in line with changing headcount requirements gives firms an extra degree of flexibility. From a landlord’s perspective, having a coworking centre within a building adds a further dimension of choice, allowing tenants to quickly expand or reduce their occupied footprint without having to relocate. As such, coworking can become a competitive advantage for a property, supporting both tenant attraction and retention. At the same time, as the market matures, competition is increasingly shifting beyond price towards the quality of the workspace, services, accessibility and the overall user experience.”
Flexible offices have therefore evolved from a niche product into an increasingly relevant component of companies’ real estate strategies. The market is becoming more sophisticated, as availability alone is no longer sufficient. Workspace quality, connectivity, services and the ability to move in quickly are becoming increasingly important criteria when selecting a flexible office solution.
An analysis of Bucharest’s office submarkets shows that flexible office services are concentrated primarily in the Center-West area, which hosts 8 centers totaling 16,000 sq. m, representing approximately 21.8% of the capital’s flexible office stock. The highest share of flexible space within the total office stock of any Bucharest submarket is recorded in the Center area, at 3.2%, which hosts 12 spaces totaling 14,500 sq. m.
The Floreasca – Barbu Vacarescu submarket comes next, with 10,400 sq. m across 7 locations, followed by the CBD, with 10,300 sq. m in 8 centers, and Dimitrie Pompeiu, with 9,700 sq. m. Supply remains significantly more limited in other areas of the capital. The Expozitiei submarket totals 5,300 sq. m, North has 3,100 sq. m across two centers, and Pipera North has approximately 1,900 sq. m served by a single centre. The West and South areas boast 1,300 sq. m and 1,000 sq. m, respectively, each served by a single center, while the East submarket is the only one without a single coworking location.
Of the 24 coworking operators, 62% are local and 38% are international, while the four largest players, IWG, through its Regus and Spaces brands, aSpace, HOTSPOT, and Mindspace, account for 63% of the total flexible office stock.
Another trend identified in the report is the closer integration of flexible concepts into building owners’ strategies. Some projects host both specialized operators and concepts managed directly by the landlord, providing owners with an additional way to use flexible office solutions as a complementary leasing tool.
Overall, flexible office rates in Bucharest range between approximately €150 and €450 per desk per month, although costs vary considerably depending on the product and services included.
For part-time memberships, indicative rates range from €100 to €250 per desk per month. A hot desk normally costs between €150 and €250 per month, while a dedicated desk ranges from €200 to €450 per month. For private offices, indicative rates range from €300 to €500 per person per month. All figures exclude VAT.
Depending on the operator and membership type, the monthly fee may include furniture, utilities, internet, cleaning, reception services, access to common areas, mail handling services and a certain number of meeting room credits or hours. Parking, additional meeting room usage and certain administrative services may be charged separately.
The expansion of supply has also been accompanied by a diversification of products and operating models. The report analyses models ranging from conventional directly leased space to turnover leases and managed space, with differences in terms of investment allocation, occupancy risk and the revenue structure between landlords and operators.
