Bucharest Office Market Q1 2026: Demand Surges, Vacancy on a Downward Trend
The Bucharest office market opened 2026 on a strong note, with net take-up surging over 60% year-on-year to 44,200 sqm. Vacancy continued to ease, reaching 10.3%, while construction activity picked up sharply with 224,000 sqm now under development.
Demand Rebounds
The Bucharest office market recorded a strong Q1 2026, with net take-up reaching 44,200 sqm, up over 60% year-on-year. Consumer goods and manufacturing led occupier activity at 28%, followed by IT and telecom at 22%.
Vacancy Eases, Rents Hold Steady
Vacancy continued its downward trend, dropping to 10.3% across the market. Headline rents remained stable, with prime rents in the CBD ranging between €17 and €22 sqm/month.
Construction Pipeline Grows
No new completions were delivered in Q1, but the development pipeline expanded sharply to 224,000 sqm under construction, up 83% year-on-year, signaling renewed developer confidence in the market.
Head of Office Advisory
