Home | Insights | BUCHAREST OFFICE Q3 2022

BUCHAREST OFFICE Q3 2022

The prime headline rent in Bucharest continued to increase in Q3 2022, reaching a level of around €19.50/ sq. m/month in the CBD area, with further increases expected in other submarkets in the following 6 – 12 months due to the relatively low office pipeline. There are currently new office projects of 129,000 sq. m GLA which are under construction, a low pipeline compared with the last few years, which comes as a result of the present bureaucratic issues in Bucharest, as very few real estate projects received their building permits during the last 12 – 18 months. One Cotroceni Park II, U-Center II or Equilibrium II are some of the most important projects that are expected to be delivered by the end of 2023.

OTHER INSIGHTS

Romania Industrial & Logistics Market 2025

Romania’s industrial and logistics sector is nearing 8 million sq. m of modern space, with over 60% concentrated within an hour’s drive of Bucharest. Key regional hubs like Timișoara, Brașov, and Cluj...

Read more

European Office Update H1 2025

The European office market is evolving as occupiers adapt to shifting workplace strategies, sustainability demands, and economic conditions. Cushman & Wakefield’s European Office Market Upda...

Read more

Romanian Investment Marketbeat H1 2025

The real estate investment market registered a transactional volume of €391 million in H1, marking a slight decrease of 6% compared with H1 2024, while still being one of the best-performing first sem...

Read more