Analyses of the Business Properties in the first nine months of 2009

Mina Boycheva 10/11/2009

The sale of offices in Sofia has been very peaceful in the first nine months of the year, even though the supply was serious. The prices however remained high and no actual discounts were made by the owners and developers, with the biggest reduction being ten percent. Even with these price discounts, the offices kept their prices of 1500 Euro/sq.m, to even more than 2000 Euros/sq.m for the class A office buildings. As a result there were almost no deals for sale of offices in the current year, which comes to show that the prices asked for are not realistic. The main driving factor for that sphere of Sofia offices is the price.

The rental prices of the Sofia offices are more flexible and the discounts are considerate.

At the same time, the rental market of Sofia offices is busier and attracts serious interest among the investors and business people. The rental prices of the Sofia offices are more flexible and the discounts are considerate, that is why many offices are being rented and the investors are looking for good location and then at the price. The other two options for renting an office are also tempting, namely the renting of one-day offices in business centres in Sofia and the rental of virtual offices, which saves a lot of money to the owners of small and middle-size companies, offering them various service packages according to the needs of their business.

Sofia offices available for rent are many in number and their price depends on the location and the class of the office.

Sofia offices available for rent are many in number and their price depends on the location and the class of the office. The offices of class A are being rented for sums that vary between 7 and 25 Euros/sq.m, where most of the offices go at the price of 10 Euros/sq.m. When the offices have very central location, then their price goes at 20 Euros/sq.m. The Sofia offices that are class B are offered at 3-4 Euros/sq.m when they are not furnished to 8-10 Euros/sq.m for the furnished ones.

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