Sofia office market: awaken since the start of 2015

The real estate market for the commercial and the office buildings in Bulgaria is showing quite an excitement since the beginning of this year. According to the real estate experts, the investors are looking towards offices and commercial properties as a result of the accelerated recovery of these markets that became effective last year. In 2014 assets that are worth 239 million Euros have changed their owners and most of the transactions were related to financial restructuring of the debts.

Since year 2014 and until that moment has been noticed a serious and lasting recovery on the Sofia office market with a growth of more than 40% in the acquired areas compared to the year before that. The offices in Sofia that were rented or purchased were over 154 000 sq. m, which is almost 30% up than the office premises in Sofia that were rented or sold two years ago. Currently the main engine that drives that need is the interest towards the offices of class A, which have easy to reach and very communicative locations, as well as all facilities that are required by the expanding international companies.