Bucharest's low office costs attract Global Capability Centres

Business Forum

10 September, 2025 at 11:50 AM

Bucharest is emerging as a primary destination for multinational corporations looking to establish Global Capability Centres (GCCs) due to lower office leasing rates and salary costs, finds a study conducted by Savills and CoreNet Global.

Annual office costs in tech-focused areas of Bucharest average €252 per sqm, making it the 14th most cost-efficient GCC destination worldwide and the third most cost-effective office market in Europe.

”IT&C, BPO and SSC companies have consistently represented a significant share of office demand, making up over 40% of the market. With sustainability becoming an increasingly important differentiator, Bucharest has the advantage of over 65% of its modern office stock holding green certifications”, added Mădălina Marinescu, Head of Office Agency at Crosspoint Real Estate, Savills International Associate in Romania

Beyond real estate, the cost advantage extends to salaries. The report found that salary costs for entry-level STEM and customer support roles in GCC markets are around 73% lower than those in cities like New York and London. This combination of competitive office and salary costs makes Bucharest an attractive, future-ready hub for GCCs in Europe.

Vastint Romania adds flex office modules to portfolio

Vastint Romania has rolled out a new business solution offering autonomous, fully furnished office modules for short-term lease agreements in response to growing demand for flexibility in the office market.

Real estate

Finance displaces tech in Bucharest office demand

After a period dominated by the tech sector, H1 2025 saw a notable surge in interest from the financial-banking sector in the Bucharest office leasing market, according to data by Crosspoint Real Estate.

Real estate

IWG opens new coworking space in Bucharest

IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.

Real estate

Praktiker Real Estate buys office building in Bucharest

Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.

Real estate

Hungarian investor reported to be in talks for office purchase in Bucharest

Hungarian investor Gránit Asset Management, with HUF 1,100 billion of assets under management, is reported to be nearing a deal for the purchase of the Equilibrium 1 building in northern Bucharest from Skanska, Romanian media reports.

Real estate

Bucharest office market sees lower demand over tech slowdown

Total demand for office leasing in Bucharest dropped by 25% to 236,000 sqm in Q3 compared to the same period of 2023, while new demand fell 11% to 82,000 sqm in the same interval due to the slowdown of the IT&C sector, according to a Colliers report. 

Real estate

Hils Development makes large land purchase in western Bucharest

Hils Development, the real estate group owned by Romanian entrepreneur Ionuț Negoiță, has purchased two land plots spanning 12 ha in western Bucharest. 