Bucharest office stock among youngest across Europe, report says

With an average age of approximately 11 years, the Bucharest office stock ranks among the youngest across Europe and the Central and Eastern Europe (CEE) region. This provides a significant advantage for landlords in attracting and retaining tenants, as the city’s office spaces are less likely to face obsolescence in terms of technology, construction quality, and sustainability standards over the next 5 to 6 years, according to data from real estate consultancy company Cushman & Wakefield Echinox.

According to the company’s Rethinking European Offices report, in total, over 170 million sqm of office spaces are at risk of becoming obsolete in 2030 across 16 European markets. This is equivalent to more than 6 times the total office stock in Central London.