Home | Insights | ROMANIA OFFICE Q4 2023

ROMANIA OFFICE Q4 2023

Arghezi 4 (8,000 sq. m GLA) was the only office project delivered in Bucharest in Q4, thus bringing the total 2023 new supply to
110,500 sq. m, the lowest level since 2015. However, the Q4 2023 transactional activity was robust (116,000 sq. m), as the total for
the year exceeded 463,000 sq. m (+43% y-o-y), thus setting an all – time annual take-up record in the city, with an increase of 19%
compared with the previous record of ~390,000 sq. m set in 2019, the year before the Covid-19 pandemic.

OTHER INSIGHTS

CEE Investment Marketbeat Report H1 2025

The CEE commercial real estate investment market delivered a robust performance in H12025, with total volume reaching EUR 5.36 billion across seven markets (including expanded coverage to Serbia), rep...

Read more

Romania Market Update 2025

Romania has benefitted from a strong economic growth in the last decade, significantly reducing the gap in relation with the European Union average (especially after joining NATO and the EU in 2004 an...

Read more

CEE Office Marketbeat Report Q2 2025

The CEE-6 region maintained steady momentum in Q2 2025, with GDP growth averaging 2.1% year-on-year. Inflation remains a key challenge, averaging 3.8% in Q2 and projected to reach 4.3% by year-end. Ro...

Read more