OVERVIEW
The total investment volume in Romania for Q1 2025 reached €179.75 million, a 10% year-on-year drop. However, investment activity is anticipated to accelerate in the coming months, with the total annual volume projected to exceed that of 2024, as several large transactions are currently pending closing.
While total leasing activity on the Bucharest office market declined by 45% year-on-year in Q1 2025, reaching nearly 46,000 sqm, net leasing remained relatively stable compared to Q1 2024, at around 30,000 sqm. With no new deliveries expected this year, the market is likely to see a reduction in vacancy despite the currently subdued leasing pace.
Romania’s industrial & logistics sector performed similarly to Q1 2024, with total leasing exceeding 134,000 sqm. The market is undergoing notable shifts this year, marked by the entry of new players—both landlords and occupiers—as well as significant expansions from existing developers. Leasing activity is expected to remain steady and dynamic throughout the remainder of 2025.
In Q1 2025, Bucharest’s residential market saw a 5.5% decline in apartment transactions compared to the same period in 2024, with 11,275 units sold—reflecting rising prices and limited supply. However, recent legislative changes related to building permits are expected to support a revival in development activity, likely becoming visible by late 2025 and into 2026.
