A gross take-up volume of 85,000 sq. m was registered in Q4 in Bucharest, while the total for the year reached 282,200 sq. m, corresponding to a 23% decrease compared with 2024. The net take-up had a 53% share in the volume (vs 44% in 2024), which brought the vacancy rate down to 12.1% (vs 14.2% in Q4 2024 and the lowest level since Q3 2020). There has been no office building delivered in Bucharest across 2025 (a premiere in the history of the city’s modern office era), but the under – construction pipeline exceeded 200,000 sq. m GLA at the end of Q4, the largest since 2021, with at least 8 new buildings expected to be completed by the end of 2028.
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