Serious Activity on the Office Market in Sofia

The first nine months of the year marked a serious activity on the office market in Sofia. Many outsourcing companies opened offices and others relocated their offices in Sofia and their number is around 25 % higher compared to the same period last year. According to the real estate agents the key deals were signed with companies from the IT sector including Gameloft, IBM, Scale Focus and Apcom.

Due to the limited number of office premises in Sofia that are available, many projects for office buildings that have been postponed for years are now back in the game. This is valid for the City Tower projection Macedonia Square, for example, which once completed will offer 49 000 sq.m. The prognosis is for another 90 000 sq.m of office buildings of class A and B to be completed by the end of this year. Half of these office premises will be part of Capital Fort Business Center.

There is another tendency on Sofia office market that should be pointed out and that is the growing demand for offices in the center of Sofia. There is a serious interest towards the Millennium Center and the City Tower, which enjoy very central location with excellent transport connections and number of many facilities nearby.