|     |
EN BG
  1. Home
  2. Blog
  3. Office market in Sofia: demand for offices of class A

Office market in Sofia: demand for offices of class A

Mina Boycheva 22/08/2014

Since 2013 there is a new tendency on the Sofia office market, according to which there is a growing number of large international companies which open their branches in the city, other international companies that relocate part of their business to Sofia and many local companies which are expanding or simply want to improve their working conditions by moving to larger and better offices. The largest new business center that was completed and opened doors in the end of 2013 was Bulgaria Office Tower, which is part of the complex Bulgaria Mall. Yet, almost half of the rental offices which are 20 000 sq.m in number were already rented out, leaving just half of them available. At the same time there are 143 000 sq.m of offices undr construction. This makes 30 % of available offices in Sofia.

Since 2013 there is a new tendency on the Sofia office market, according to which there is a growing number of large international companies which open their branches in the city, other international companies that relocate part of their business to Sofia and many local companies which are expanding or simply want to improve their working conditions by moving to larger and better offices.

The companies that are loking for modern offices to rent in Sofia are mainy outsourcing and IT companies. These include IBM Global Delivery Center and Ingram Micro, Experian and Sofia Airport Center. Some easterneuropean IT companies are coming as well including SoftServe and LuxSoft. The rental levels are stable, among 10 – 13 Euro/sq.m.

About the Author

Mina Boycheva
Mina Boycheva is a co-founder and manager of Sofia Offices with 15 years of experience in property management, sales and rentals of real estate properties. Since the beginning of 2016 she directs her energy and focus on the rentals and sales of business properties in Sofia.