Cluj-Napoca leads Romania's regional office leasing in 2025

Business Forum
Office leasing activity in Cluj-Napoca exceeded 18,000 sqm in 2025, following a strong 2024 that recorded 50,000 sqm of office space leased.

This performance confirms the city's status as the most developed office market among Romania's regional cities.

The total stock of modern office spaces in Cluj-Napoca reached 350,000 sqm, representing 8% of Romania's total stock, with an average vacancy rate of 5% and a prime rent of €17/sqm. The estimated total stock could exceed 400,000 sqm in coming years due to new projects.

Cluj-Napoca is set to benefit from public infrastructure investments exceeding €2 billion, complemented by more than €1 billion in private investments. The Cluj County Council announced investments exceeding €330 million at Cluj-Napoca International Airport, aimed at reaching a capacity of 10 million passengers per year. The biggest private project is Rivus Cluj-Napoca, a mixed-use urban regeneration project by Iulius and Atterbury Europe, which secured approximately €400 million in financing. The project will transform 14 hectares of former industrial platform into a multifunctional development with a total investment of more than €500 million.

In Iași, office leasing activity exceeded 6,000 sqm in 2025, reflecting a threefold increase year-on-year. The total stock reached 290,000 sqm, with a 15% vacancy rate and prime rent of €14-16/sqm. In Timișoara, leasing activity exceeded 14,000 sqm, up 60% year-on-year, with total stock of 280,000 sqm, 13% vacancy rate and prime rent of €14-15/sqm.

"Regional cities continue to play a central role in the evolution of Romania's office market. In 2025, we saw strong, well-structured demand driven by companies prioritizing modern spaces, long-term planning and employee experience," said Andreea Păun, Managing Partner Griffes. The company contributed 10,000 sqm to a total leasing volume of almost 42,000 sqm in regional cities, with Cluj-Napoca accounting for 90% of Griffes' leasing activity outside Bucharest.

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