Balance in Sofia office market

At the end of last year, the demand and the supply of offices in Sofia reached a certain balance level. This happens for a first time in the last four years. The new office buildings in Sofia that were completed and became available for exploitation were almost 140 000 sq.m, while the number of the rented Sofia offices reached 97 000 sq.m. making an increase of 10 %. The prognoses seem good, as in the last three months of 2012 the rented or purchased offices in Sofia city were more than 25 000 sq.m. Many of these new and modern offices in Sofia were taken by new companies on the Bulgarian market or by existing companies that are expanding their business.

The available office premises in Sofia’s best business centers are not many, as they are quickly invested into or rented. The office centers in Sofia that provoke the attention are the ones with top location and fast access, excellent quality of the construction and parking zones. The interest of the foreign companies is concentrated in the business buildings along “Tsarigradscko Schousse” Blvd. There are a few postponed projects for modern office buildings on Sofia’s boulevard “Todor Alexandrov”, which are also expected to provoke the attention while the construction starts.