Bucharest bets on flexibility. Flex office deliveries triple year-on-year.
Bucharest’s flexible office market continues to expand, with total stock reaching 74,000 sq m and new deliveries tripling year-on-year. The segment now exceeds 2% of the city’s modern office supply, driven by centrally located, Class A buildings and growing corporate demand for scalable workspace solutions.
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Bucharest’s flexible office footprint has reached 74,000 sq m across 48 locations, pushing the segment beyond 2% of the city’s modern office stock.
Supply continues to expand, with total flex stock growing 8.1% year‑on‑year in 2025, supported by a strong rebound in deliveries amounting to 5,600 sq m, marking an over 300% increase compared with the previous year.
The distribution of flex space remains highly centralised: the Centre (25%), Floreasca–Barbu Văcărescu (17%), Centre‑West (16%) and the CBD (14%) together account for 72% of Bucharest’s flex market.
Flex office asking rents in Bucharest peak in the CBD and Central areas (around €400 per person/month). Center-West and Floreasca sit in the mid-range (€350), while Dimitrie Pompeiu and North-West Expozitiei remain the most affordable options (€250).
Building quality remains a defining advantage for occupiers, with approximately 69% of flex stock situated in Class A buildings, while green‑certified buildings account for more than 50,000 sq m of total supply.
Accessibility continues to shape occupier preference. 84% of all flex stock is positioned within one kilometre of a metro station, and nearly two‑thirds fall within a 500‑metre radius, strengthening the appeal of these locations for talent access and commuter convenience.
The local operator landscape is led by IWG, whose brands Regus and Spaces together represent 34% of market share by area, followed by Mindspace (11%), The One (10%), aSpace (9%), Hotspot (6%) and Supertree (4%). The market has welcomed several new entries, including Betahaus, V7, and OmniOffice, adding fresh concepts and diversity to the flex office landscape.
On a wider scale, the global coworking market is expected to almost double by 2029, reaching an estimated USD 51 billion in value. This growth is accompanied by a structural shift, as corporate coworking spaces expand to a 43% market share, driven by increased enterprise adoption, with 29% of global corporations leasing private suites.
In parallel, 56% of corporate-oriented coworking centers now integrate smart automation, while 47% offer advanced meeting infrastructure. As a result, the market is gradually moving away from open-desk layouts traditionally designed for freelancers or early-stage startups, toward more private, enterprise-grade workspace solutions.
For occupiers, the market now offers a mature network of flexible, modern and centrally located workspaces. For landlords, flex has become a strategic component of asset stabilization, contributing to faster absorption and improved building performance in competitive submarkets, some landlords even operating it themselves.
“The office remains a core asset for collaboration and culture, but its relevance today depends on how well it supports people and operations. Coworking spaces respond to this shift by combining location, design, amenities and technology in a way many companies struggle to build it from scratch. The coworking model does not replace the traditional lease, but gives companies the ability to test different ways of working. Once the right model is validated, committing to a long-term lease becomes both easier and safer.” Laura Ene, Senior Consultant Office Advisory iO Partners.
Senior Consultant Office Advisory
