Outsourcing in Sofia: Lack of Suitable Offices

The percentage of the available offices of class A in the capital Sofia is dropping and the expectations for a lack of suitable office premises for 2015 are met. The increased interest in Sofia offices of class A, along with the numerous contracts signed and the insufficient construction of office buildings during the last couple of years let to almost full coverage of all office projects of the highest class.

One of the reasons for the decline in office vacancy is the weak investment in such construction projects due to the unstable political and economic situation in the country in 2014. That led to a record low level in the number of the completed office buildings of the highest class A. The newly opened Infinity Tower on “Bulgaria” Blvd. and the recently completed Capital Fort complex of offices on “Tsarigradsko Shosse” Blvd. are more than 80 % full. In general, in 2014 in Sofia was initiated construction of 16.5 sq.m of office space which is almost 9 % less than in the previous year.