During the first half of 2026, companies leased a total of 80,790 sqm of office space in Bucharest, representing a 29% increase compared with the same period of 2025, according to a report by Fortim Trusted Advisors, Alliance Member of BNP Paribas Real Estate. Cluj-Napoca also recorded stronger office leasing activity than in the first half of last year.
Overall, during the first six months of 2026, Bucharest accounted for 90% of Romania’s office leasing market, followed by Cluj-Napoca with 7%, while Timisoara, Iasi, Craiova and Brasov each represented between 0.5% and 1% of the national leasing volume.
Romania’s office market is currently going through a period of caution, with companies making increasingly strategic and carefully planned real estate decisions. We are seeing a strong recovery in lease renewals and growing interest in pre-leasing transactions, indicating that major occupiers are securing their future space requirements well in advance. At the same time, Bucharest continues to strengthen its dominant position, accounting for nine out of every ten square metres leased nationwide, while regional office markets are evolving at different speeds, said Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, Alliance Member of BNP Paribas Real Estate.
Largest Office Transactions in Romania During the First Half of 2026
The largest office transactions were driven by companies operating in the technology, energy, industrial and construction sectors, including lease renewals, expansions, relocations and pre-lease agreements.
Leasing activity in Bucharest was supported both by the strong rebound in lease renewals and by the signing of several pre-lease agreements in projects currently under development.
During the second quarter, the largest transactions included Rohde & Schwarz Topex’s 8,000 sqm lease renewal at IRIDE Business Park and a 7,100 sqm lease renewal at Brașov Business Park.
At the same time, Veolia and Strabag secured 6,000 sqm and 4,500 sqm, respectively, through pre-lease agreements in Green Court Phase D and Queens in Bucharest, confirming occupiers’ continued preference for next-generation office buildings.
Regional Office Leasing Activity Declined, with Cluj-Napoca as the Only Exception
Office market performance across Romania’s regional cities remained uneven. While Cluj-Napoca continued to attract new leasing demand, Timisoara, Iasi and Brasov recorded lower transaction volumes compared with the previous year.
Cluj-Napoca further strengthened its position as Romania’s most active regional office market, with 6,455 sqm of newly leased office space in the first half of 2026, up from 5,455 sqm during the same period of 2025.
Across all regional office markets, new office leasing demand totalled 9,584 sqm, representing a decline of more than 50% compared with the first half of 2025.
When lease renewals are also included, the total regional office leasing volume reached 22,534 sqm, approximately one-third lower than in the corresponding period of last year.
The largest regional lease renewal was recorded in Brasov, where an occupier renewed its lease and committed to remain in the same 7,100 sqm office space at Brasov Business Park.
