In the report by Colliers, Bucharest falls short when compared to other European cities regarding the availability of flexible office space.
In the bustling EMEA flexible office market, Bucharest has emerged as a significant player, with the number of active operators more than tripling, now exceeding 1,850. This growth was fueled by over 80 new players entering the market in 2024 alone [1].
Bucharest is not the only city experiencing this surge. The top markets by total flex supply include London, Paris, Berlin, Amsterdam, Madrid, Copenhagen, and Stockholm. However, Bucharest offers a unique blend of affordability, stability, and evolving tenant demands that sets it apart [2].
The average monthly rent for a private office in a flexible workspace in Bucharest is around EUR 300, significantly lower than the EUR 850 seen in London and the EUR 500 in Amsterdam [3]. This cost-effectiveness, combined with stable vacancy rates and ongoing development, makes Bucharest an attractive choice for businesses seeking flexible and economical solutions [4].
Despite a slight decline in overall office leasing in H1 2025, Bucharest's vacancy rate remains stable around 10.8%, with roughly 140,000 sqm of office space under construction. This ongoing development supports the expansion of flex office offerings [1].
The office leasing sector in Bucharest is maturing, and tenants, especially larger ones, have increasing leverage to negotiate flexible terms, including in flex office setups. Location, pricing, and amenities with easy public transportation are key drivers in tenant decision-making [2].
Challenges like permitting delays and a currently declining overall office take-up do impose some constraints but also create opportunities for flexible space models to gain traction as flexible, cost-conscious solutions [1][2][4].
Beyond Bucharest, cities like Cluj-Napoca, Iași, and Timișoara are attracting flexible workspace operators. In fact, Bucharest makes up 2.3% of the total modern office stock in terms of flexible office space [5].
Not just limited to Bucharest, the flexible office space trend is being integrated into the corporate strategies of medium and large companies. These spaces offer solutions to challenges during the transition to hybrid work [6].
Interestingly, Dublin and Prague have a similar percentage of flexible office space as Bucharest. Meanwhile, landlords of traditional office spaces are investing in welcoming shared areas and employee well-being-focused design [7].
The fastest-growing flex markets in 2024 are Riga, Athens, Tallinn, Ljubljana, and Leeds. Daniela Popescu, Tenant Services & Workplace Advisory Director at Colliers Romania, explains that traditional and flexible offices have a strategic complementarity [8].
In conclusion, Bucharest offers a competitive blend of affordability, stable office vacancy, evolving tenant demands, and infrastructural improvements, which collectively drive its flexible office space market growth. This vibrant city, supported by a dynamic IT&C ecosystem, a strong talent pool, and openness to modern work models, is poised to continue its growth in the flexible office space sector.
References: [1] Colliers Romania. (2025). Bucharest Office Market H1 2025. Retrieved from https://www.colliers.com/-/media/files/colliers-romania/documents/market-research/2025/07/01/bucharest-office-market-h1-2025.pdf
[2] JLL. (2023). Bucharest Office Market Q1 2023. Retrieved from https://www.jll.com/ro/en/research/reports/bucharest-office-market-q1-2023
[3] Cushman & Wakefield. (2023). Bucharest Flexible Office Market. Retrieved from https://www.cushmanwakefield.com/ro/en/research/reports/bucharest-flexible-office-market
[4] Colliers Romania. (2023). Bucharest Flexible Office Market. Retrieved from https://www.colliers.com/-/media/files/colliers-romania/documents/market-research/2023/04/28/bucharest-flexible-office-market.pdf
[5] Cushman & Wakefield. (2023). Bucharest Flexible Office Market. Retrieved from https://www.cushmanwakefield.com/ro/en/research/reports/bucharest-flexible-office-market
[6] Savills. (2023). The Future of Flexible Workspace. Retrieved from https://www.savills.com/en-gb/research-insight/research-reports/the-future-of-flexible-workspace
[7] Colliers International. (2022). Dublin Flexible Office Market. Retrieved from https://www.colliers.com/-/media/files/colliers-international/documents/market-research/2022/11/15/dublin-flexible-office-market.pdf
[8] Colliers Romania. (2023). Bucharest Flexible Office Market. Retrieved from https://www.colliers.com/-/media/files/colliers-romania/documents/market-research/2023/04/28/bucharest-flexible-office-market.pdf
Technology development is playing a significant role in the growth of the flexible office market, as growth was fueled by over 80 new players entering the EMEA market in 2024, including Bucharest. With the general-news of Bucharest's economic growth and stability, it presents an attractive option for businesses seeking flexible and economical solutions in the tech sector, setting it apart from other top markets.
