Understanding Romania's commercial real estate market in 2025

 

The outlook for commercial real estate rents across Romania's key markets in 2025 is largely positive, presenting a dynamic landscape for businesses seeking new premises. This anticipated growth is underpinned by several factors, including increasing demand for high-quality spaces, rising construction costs, and a growing emphasis on ESG (Environmental, Social, and Governance) compliance.

 

Office space: premium locations lead the way

 

For businesses seeking office space, the focus remains on premium, ESG-certified properties. These spaces, especially in Bucharest, are expected to see stable or slight rent increases. The demand for high-performing, low-OPEX (operational expenditure), and wellness-focused office buildings continues to be robust.

 

Bucharest office rents

 

In Bucharest, prime monthly office rents in the central business district (CBD) are currently between EUR 20-21 per square meter. Locations in central and semi-central areas offer rates ranging from EUR 15-18 per square meter. These figures reflect the continued attractiveness of the capital for businesses.

 

Regional cities office rents

 

Beyond Bucharest, major regional cities such as Cluj-Napoca, Iasi, Timisoara, and Brasov are also active markets, with prime office values typically falling between EUR 13.5-17 per square meter. Despite some overall elevated vacancy rates in the market, it's crucial to note that prime and good quality office spaces exhibit significantly lower vacancy, indicating sustained upward pressure on rents for desirable properties.

 

Industrial & logistics: growth driven by key factors

 

The industrial and logistics sector is also set for upward pressure on headline rents by the end of 2025. This segment is benefiting from increased demand, partly due to Romania's Schengen integration and the continued expansion of e-commerce. Rising construction costs and the need for ESG compliance are also significant drivers impacting rental prices.

 

Industrial & logistics rent forecast

 

For the first quarter of 2025, prime industrial and logistics rents are projected to be between EUR 4.20 and EUR 4.70 per square meter, reflecting the robust growth and increasing operational costs in the sector. Businesses looking for warehouse or distribution facilities should factor these trends into their planning.

 

Source: business-review.eu