Top Office Rents in Europe in 2025: Romania Among the Top 5 Most Affordable Markets

Office rents have increased by an average of 3.7% in Europe. Bucharest remains one of the most affordable cities for companies.

According to the latest report by BNP Paribas Real Estate, average effective net rents for office spaces in Europe have increased by 3.7% over the past 12 months, while prime rents have gone up by 5.3%. However, in Bucharest, rent levels have remained stable, keeping Romania’s capital among the cheapest business hub in Europe.

In addition to this cost advantage, landlords in Bucharest continue to offer attractive commercial packages—free rent months and contributions to fit-out costs—which further strengthen the city's competitiveness compared to other European business hub.

“In a European context where office rents continue to rise, the stability of the Bucharest market and generous commercial incentives maintain the capital as a solid option for companies looking to optimize costs without compromising on space quality,” said Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

In the ranking of the most affordable business hub in Europe, based on "prime" rent (for the best spaces in central business areas), Bucharest ranks 4th, with an average rent of 246 euro/sqm/year (approximately 20.5 euro/sqm/month). Romania’s capital is outranked only by cities like Tallinn, Vilnius, and Nantes.

In contrast to the European trend, 62,392 sqm of new office space was leased in Bucharest in the first half of the year (take-up transactions, excluding renewals), marking a 29.5% drop compared to the same period in 2024.

Although rents remained stable and landlords continued to offer attractive commercial incentives (free months, fit-out contributions, etc.), demand was lower, signalling increased caution among companies operating in the local market.