aSpace, a Romanian coworking operator, is increasing its footprint at Bucharest’s Global City Business Park by 35%, adding 490sqm to its existing 1,400sqm space which currently enjoys 90% occupancy. The expansion, set to complete within two months, will create 10-12 private offices designed for small teams of 2-6 people. This growth responds to sustained demand for flexible workspaces in northern Bucharest, particularly from freelancers and those seeking offices closer to residential areas.

With a current market share of 15% in Bucharest’s flexible office market, aSpace reported €1.49M turnover in 2024 (up 20% year-on-year) and has doubled its active contracts to over 400 since 2022.

Coworking Europe share that aSpace have reported a 20% increase in revenue in 2024, reaching €1.59 million compared to €1.23 million in 2023. According to a press release, the firm is forecasting a 30% revenue growth in 2025, aiming to approach €1.9 million.

Digging deeper the firm reported 400 active contracts, 1/3 of whom have been with them for over 2 years, and that they’ve doubled the number of locations under management to 6.