Sofia office market in the first half of 2013

Leading real estate agencies from the capital of Bulgaria discussed the office market in the city of Sofia. Their research covered the first six months of the year and confirmed that a possible lack of modern offices could be expected in the near future. In the first half of the year many of the high-quality offices in Sofia have been rented out. Greatest interest provoked those offices, which answer the international standards for quality, location and extras. Almost 70% of the modern office buildings in Sofia are situated in the outskirts of the city, close to the ring road, namely around Mladost 4 District and the Business Park there, Tsarigradsko Schousse Blvd. and along Bulgaria Blvd. Approximately 20% of the available modern offices are placed in the central city area and 10 % are left for the offices in the rest of the good districts in Sofia.

No new office projects have started in the first six months of 2013, while at the same time many of the existing offices of high class in Sofia have been rented. At the beginning of the year were available 21% of these offices and in July the available offices of that type and standard were 14%. That is why the real estate agencies predict that at some point there will be a great demand for new and modern offices in Sofia. Most of the business companies are looking for offices of class A, which are characterized with excellent quality of the construction, adequate technical specifications, comfortable office layout and good location with perfect infrastructure and easy access with car and the means of the public transport.