Cushman & Wakefield Echinox: Over 1 mln sqm of office space leased in Romania in 5 years, IT sector leads

Cushman & Wakefield Echinox reported that over 1 million square meters of new office space have been leased across Romania in the past five years, with the IT sector remaining the dominant driver of the market. According to the real estate consultancy firm, the demand for office spaces has been primarily generated by IT companies, manufacturing and industrial firms, and the medical and pharma sectors, which together accounted for more than half of the new leasing activity.

From 2020 to 2024, net take-up in Bucharest and major regional cities like Cluj-Napoca, Timișoara, Iași, and Brașov totaled approximately 1.06 million square meters. This area is comparable to the total office stock in the four regional cities or 30% of the stock in Bucharest.