Offices in Sofia and their price tag

The period before the investment in the Sofia offices is characterized by careful and slow period of consideration of all the characteristics, pros and cons of the property. This is so, as buying or renting one of the offices in Sofia is not that emotional as buying an apartment in Sofia. When offices are concerned, people tend to be more practical and to act wisely. Thus before making any steps towards the actual purchase, the investors in Sofia office premises are estimating the business building itself, its location and extras, the presence of public transport, security service, parking zone and maintenance. Without any doubt, the most important factor here is the price. In other words, if the price of the office is right the investors are likely to make one or several compromises.

The sale price levels of the offices from class A and B in 2012 have dropped with almost 7.5 % compared to the office prices in 2011. The rental levels of the offices have also dropped with 16 % or in other words at the end of 2012 the average rental price for office premises in Sofia was 5.80 Euro per square meter. The profitability from office space of class A and B was between 6 and 8 % in December 2012.

The decline in the rental and sale prices of Sofia offices will continue to slow down and will be at the rate of 5-8%. It is expected that companies will keep on moving from old to new office buildings in Sofia with better location and extras. The interest of the major investors and company rentals will be mainly concentrated on the energy-efficient commercial buildings whose first levels have retail premises. Currently, the Sofia office market in the country is stable and consistent and major changes are not expected.