Cushman & Wakefield Echinox: Bucharest office market sees demand slowdown, but signs of recovery ahead

The Bucharest office market recorded a significant drop in leasing activity during the first quarter of the year, with gross take-up reaching 51,300 square meters - down 44% compared to Q1 2024, according to data from Cushman & Wakefield Echinox. Despite this slowdown, the market is showing early signs of recovery, with a series of major transactions expected to close in the second half of 2025.

Net take-up accounted for 64% of total demand in Q1, marking the highest share since early 2022, according to the same report.