Sofia office premises: the rental market in 2014

In 2014 the percentage of the rented offices in Sofia has increased and marked a maximum increase in the last two years. The main reason behind that are the several important international companies that stated their desire to outsource their business, thanks to which the number of the available office premises in Sofia seriously decreased.

In 2014 there were not many investments in office buildings and the search for such premises made many construction companies reconsider their plans. That is so as the earnings expectations are stable and reach 9.25 % for the premium office centers.

Several large industries are showing serious interest in the rental of high class offices in Sofia, mainly coming from the outsourcing, the IT and the pharmaceutical sphere. Companies from the financial and from the energy sector are also showing interest in such business centers in Sofia. Most of the new office projects from the class A in Sofia are to be found in the region around the airport and along Bulgaria Blvd. Interesting to be mentioned is the reconstruction of Pliska Hotel on Tsarigradsko Schousse Blvd., which is to become a central office of a local bank. The rental prices of the offices of the highest class A are stable and reach 12.5 Euro/sq.m for the central business regions. In the rest of the Sofia office destinations the rental prices per month vary between 10 and 12 Euro/sq.m.