Sofia Office premises market: expectations for 2015

Recently made survey showed the tendencies for the Sofia office market and the expectations that the companies and the investors in this sector have. The researched showed that more than 80 % of the companies expected higher income in 2015 compared to the income a year ago. At the same time 60 % of these outsourcing companies working in Sofia are planning to increase the number of their employees in 2015, as well as to hire larger or more offices in Sofia. Most of these companies mentioned the location, the level of expanses, the parking and the easy access as the most important factors in getting a new office in Sofia.

At the same time the number of the available office premises in Sofia is not seriously increased. There are available offices of class A – yet they are only around 20 000 sq.m in number with rental levels between 10 and 14 Euro/sq.m, depending on the specific requirements of the company. The prognosis is for the outsourcing sector to become the main engine on the office premise market. There are also plans for the re-structuring of existing projects, in order for them to provide excellent office premises of class A.