In 2025, the Office Centre in Timisoara was ranked First in a List of Regional Office Cities Outside the Capital

As trends, there is a noticeable decrease in the average rented space to 988 square meters in the first quarter of 2025, down from 1,767 square meters in the first quarter of 2024, and a reduction in the volume of modern office spaces rented outside the capital by 27%.

"Timisoara is an important regional business hub, and several large companies are currently analyzing whether to maintain their current office space or move to another building. In secondary cities such as Timisoara, Cluj-Napoca and Iasi, the office vacancy rate is lower than in the capital, so when a large company relocates, it leads to a series of cascading transactions, with several smaller companies targeting the freed-up space. These tenant movements in the market compensate for the lack of new buildings being delivered in these cities during this period", said Nicolae Ciobanu, Managing Partner and Head of Advisory at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

In Timisoara, companies such as ACI Worldwide and Regus are moving to new premises this year. A total of 8,807 square meters were rented in the first three months, while throughout the year 2024, 8,038 square meters were rented. Among the office buildings in Timisoara chosen by companies for 2025 is VOX Technology Park și United Business Center.

On the other hand, six transactions were completed in Cluj-Napoca in the first three months, totaling 3,417 square meters. Among the companies that will move to new offices in this city are Beanverse and Strabag. Last year, Cluj-Napoca was the top location for demand for office spaces, with this demand increasing throughout the year. In Iași, companies Ipsos and Publicis moved into new spaces, with the regional cities taking third place.

"Regional cities can develop at a faster pace than Bucharest in the next two to three years, as there are several commercial projects with building permits. For instance, in Cluj-Napoca, the most ambitious office developments have been unveiled, with plans for over 200,000 square meters of space, while in Timisoara, the figure is closer to 30,000 square meters. However, it remains to be seen how demand for offices will evolve, with the tax and levy system being a very important factor for companies, which will be decided in the coming period at the political level," says Nicolae Ciobanu, Managing Partner - Head of Advisory at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.