Colliers report reveals slower trading activity in Bucharest office market, positive medium-term outlook

Trading activity in the office market slowed in the third quarter of this year, mirroring trends from 2021-2022. Total demand for modern office space for rent in Bucharest dropped by 25% compared to the same period in 2023, to 236,000 square meters. New lease demand reached 82,000 square meters, reflecting an 11% decrease year-on-year, according to Colliers data.

However, the medium-term outlook remains positive as companies continue efforts to bring employees back to the office more frequently.