Crosspoint Real Estate, the Romanian associate of Savills, completed office leasing transactions exceeding 6,000 square meters during the first half of 2025. The firm secured deals with tenants from sectors including technology, military equipment manufacturing, construction, and agricultural finance. These transactions bring the total value of office space leased through Crosspoint to more than €45 million. According to Managing Director Valentin Neagu, the results reflect the company’s continued focus on strengthening its office division. He noted that the profile of tenants involved in the first-half transactions aligns with sectors currently generating the most leasing demand. Two-thirds of the leased space was located in Bucharest, occupied by new market entrants in tech, defence, and finance. The remainder involved a lease renewal in Cluj-Napoca by a technology firm for a space exceeding 2,000 square meters. Mădălina Marinescu, Head of Office Agency at Crosspoint, observed a renewed interest in office space from IT companies. After a period of conservative space usage, more firms are now expanding, supported by a return of employees to physical offices. She sees this as a sign of stabilizing market conditions and growing confidence in the economic outlook. Across Bucharest, total office leasing activity reached 112,225 square meters in the first half of the year, marking a 31% decrease compared to the same period in 2024. Net take-up stood at 62,718 square meters, down 23% year-on-year. The financial and banking sector led demand, accounting for 31% of all leased space, followed by technology at 16%, professional services at 15%, consumer and leisure services at 12%, and business services at 10%. Despite the shift, the technology sector maintained its lead in net demand, with over 13,000 square meters leased in new agreements. The vacancy rate in Bucharest remained close to 12%, as no major new office deliveries entered the market during this period. Prime rents remained stable at €22 per square meter per month. However, Ilinca Timofte, Head of Research at Crosspoint, noted that rising energy prices, inflation, and higher taxes expected in the second half of the year may exert further pressure on rent and maintenance costs, potentially dampening tenant demand and expansion plans. Leasing activity was concentrated in key office submarkets, led by the Center-West area with 32% of the total, followed by the Central Business District with 24%, and the Floreasca-Barbu Văcărescu area with 20%.