Cushman & Wakefield Echinox: Net take-up generated 73% of Bucharest’s office demand in H1

12 August 2026 Bucharest's office market is seeing a recovery in occupier demand driven by new lease transactions and expansions, against a backdrop of limited new supply. Net take-up accounted for 73% of the total leasing activity in H1 2026, up from 53% during the same period of 2025, according to the Cushman & Wakefield Echinox Marketbeat Office Q2 2026 report. At the same time, the citywide vacancy rate continued its downward trend to 11.6%, the lowest level since Q3 2020. This trend was primarily supported by stronger demand from companies operating in the IT&C sector. The total office take-up in Bucharest reached 109,500 sqm during the first six months of the year, of which 60,400 sqm were leased in the second quarter alone. Although the overall leasing activity remained approximatel