Bucharest Office Marketbeat Q3 2025

Office spaces cumulating 75,800 sq. m were transacted in Q3 in Bucharest (the highest quarterly volume in 2025), thus bringing the YTD gross take-up to 197,200 sq. m, reflecting a 25% y-o-y decrease. The net take-up had share of 50% in the overall Q3 demand (52% YTD), as the vacancy rate across the city further decreased to a level of 12.8% (the lowest since Q4 2020). Moreover, 2 new buildings started construction in Q3 and the overall pipeline in Bucharest increased to 169,500 sq. m GLA, all of which being scheduled for completion by the end of 2027.