Bucharest flex office deliveries triple in 2025

Business Forum
Bucharest's flexible office market has reached 74,000 sqm across 48 locations, representing over 2% of the city's modern office stock. The sector grew 8.1% year-on-year in 2025, supported by 5,600 sqm of new deliveries - a 327% increase compared to the previous year, according to an analysis by iO Partners.

The distribution remains concentrated in central areas, with Centre (25%), Floreasca-Barbu Văcărescu (17%), Centre-West (16%) and CBD (14%) accounting for 72% of Bucharest's flex market. Rents peak in CBD and Central areas at around €400 per person per month, while Centre-West and Floreasca offer mid-range pricing at €350. Dimitrie Pompeiu and Expoziției remain the most affordable at €250.

Building quality remains strong, with 69% of flex stock located in Class A buildings and green-certified buildings accounting for over 50,000 sqm. Accessibility is a key factor, as 84% of flex stock sits within one kilometre of a metro station, with nearly two-thirds within 500 metres.

IWG leads the market through its Regus and Spaces brands with 34% market share, followed by Mindspace (11%), The One (10%), aSpace (9%), Hotspot (6%) and Supertree (4%). New entrants including Betahaus, V7 and OmniOffice are adding diversity to the operator landscape.

"The office remains a core asset for collaboration and culture, but its relevance today depends on how well it supports people and operations," said Laura Ene, Senior Consultant Office Advisory at iO Partners. "The coworking model does not replace the traditional lease, but gives companies the ability to test different ways of working. Once the right model is validated, committing to a long-term lease becomes both easier and safer."

Globally, the coworking market is expected to nearly double by 2029 to $51 billion, with corporate coworking expanding to 43% market share as 29% of global corporations lease private suites. The market is shifting from open-desk layouts toward more private, enterprise-grade workspace solutions, with 56% of corporate-oriented centres integrating smart automation and 47% offering advanced meeting infrastructure.

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