Sofia office buildings: completed and under construction

Last year the construction of office buildings decreased due to the lower investment activity on that market in the country and in Europe in general. The building permission for the construction of administrative and office buildings in Sofia in 2012 were 170 in number with unfolded built-up area of almost 84 000 sq.m. This marks a drop with 23 % compared to the levels in 2011 and 58 % compared to the levels in 2008. In year 2012 the office centers in Sofia of class A and class B covered almost 122 000 sq.m. of area. That added to the total coverage of office premises in Sofia being 1 980 000 sq.m.

Among the bigger office buildings in the capital Sofia are the office center on “Tsar Boris III” Blvd. with 19 800 sq.m., the business center on “Vladimir Vazov” Blvd with 20 400 sq.m. and the center on “Todor Kableshkov Blvd with its 11 800 sq.m. The greatest number of the completed offices in Sofia are situated in already established business districts, such as the areas around Bulgaria Blvd., Todor Alexandrov Blvd., Tsarigradsko Schousse Blvd. and Cherni Vrah Blvd. In the central zone of Sofia are still offered modern and new office centers, but they are not many in number. The available office premises in Sofia city make almost 30 % of the existing office premises in the capital. In process of construction were almost 1 400 000 sq.m. of office premises as of December 2012. Currently, there is interest in the construction of smaller office buildings up to 7 000 sq.m.