Sofia Office Premises: Only 15 % Free

The interest towards top quality offices in Sofia of the highest class A has been seriously increased in the last couple of years. This came as a result from the annual report of the consulting company MBL CBRE. The main reason behind that is the development of the companies in the IT sector and the outsourcing of numerous call centers. At the same time the number of the completed office buildings in Sofia has been reduced in comparison with the year before that.

According to the same report, in the last 12 months, permission for construction has been granted to office building projects in Sofia of up to 36 000 sq.m. in 2014, again half the number of the sq.m. in the building permits in 2013. That serious drop in the figures is a result from the weak interest towards the office buildings during the years of the crisis. Yet, now the things have changed and the rented Sofia offices for 2014 were 88 000 sq.m. In the end of 2014, the number of the available offices of class A and B in Sofia were only 15 %. The most sought after were the office buildings with open-space premises, high-quality of the construction and good, easy to reach location. The rental levels for these offices of high class in Sofia are around 13.5 Euro / sq.m.