Bucharest's dynamic office market continues to attract investment

 

The commercial real estate sector in Bucharest is showcasing remarkable resilience and growth, underscored by First Property Group's recent sale of the Dr. Felix 87 office building.

 

This significant transaction saw the 2,850 sqm property in the bustling Piata Victoriei area acquired by Bucur, a company listed on the Bucharest Stock Exchange, with Colliers acting as the exclusive sell-side advisor.

 

This deal exemplifies the increasing appetite among locally listed companies for stable, income-generating real estate assets, signalling a robust market for discerning businesses.

 

Piata Victoriei: a prime location for your business

 

The Dr. Felix 87 building, completed in 2006 and fully leased to consultancy firm Vulpoi & Toader Management, highlights the enduring appeal of Piata Victoriei. This area is not just an established office destination but also boasts strong transport links to key parts of Bucharest and convenient access to Henri Coanda International Airport.

 

With approximately 365,000 sqm of office space, Piata Victoriei represents about 11% of Bucharest's total office stock, making it a pivotal hub for diverse enterprises seeking a strategic advantage.

 

Strong demand and rising rents signal a favorable market for businesses

 

For companies evaluating office space in Bucharest, current market dynamics in Piata Victoriei present a clear picture of high demand and appreciating value. Prime rents in the Central Business District (CBD) exceed €22 per sqm per month, with an impressively low vacancy rate of just 5%.

 

Crucially, with no additional office stock planned for the area and sustained high tenant demand, Colliers forecasts that prime rents are likely to continue climbing. This environment suggests that securing well-located office space now could prove to be a wise long-term decision.

 

Expert insights: why Bucharest's office market remains appealing

 

Simina Niculiță, Director at Colliers, emphasizes that "The deal highlights the growing interest of locally listed companies in income-generating real estate assets and confirms the appeal of well-positioned office buildings in established Bucharest submarkets." She adds, "The market remains active and diverse, with sustained appetite for well located assets."

 

Colliers' active role in the market is further evidenced by this being their second office transaction in Piața Victoriei in 2025, having previously advised Solida Capital on the acquisition of Victoria Center earlier this year. These insights underscore the confidence in Bucharest's commercial property landscape.

 

Secure your prime office space in Bucharest

 

As the Bucharest office market continues its upward trajectory, particularly in prime locations like Piata Victoriei, businesses looking for a strategic base are encouraged to act decisively.

 

The combination of limited new supply, strong tenant demand, and a vibrant economic environment makes this a compelling time to invest in high-quality office space. Explore the opportunities in Bucharest's most sought-after business districts to position your company for future success.

 

Source: property-forum.eu