Business Forum • 28 October, 2024 at 10:53 AM
Romania remains one of the most affordable countries in the EU for office fit-outs, with costs significantly lower than in Poland, the Czech Republic, or Western countries, according to research by iO Partners.
The average cost of fitting out office spaces in Romania ranges between €850 and €950 per sqm, including furniture. However, this can reach €650 to €1,500 per sqm for a full project. On average costs for office space fit-outs in Romania rose by 10-15% year-on-year.
At the same time, clients' demands are becoming more sophisticated and technology-driven—a trend likely to continue in the long term.
“To meet rising costs and advanced design requirements, companies need personalized consultancy and expertise in achieving work, organizational, and ESG goals. That is why, at iO Partners, we have developed a holistic and cost-optimization approach that covers all project lifecycle stages—from understanding clients' sustainability and financial goals to building selection, detailed design, and execution,” says Marius Mureșan, Head of Project and Development Services at iO Partners.
Despite economic uncertainty and a labor shortage that will persist, the iO Partners analysis predicts inflation stabilization and a potential slight price decrease in the near future. However, cost pressure will remain over new legislative requirements and the bureaucracy associated with ESG compliance.