Sofia office relocation

Sofia office market is driven by those large international companies which are opening their offices in the Bulgarian capital and by the companies which are already on the market but wish to relocate due to the increase of the work load and the number of their employees. The situation on Sofia market could be explained like that – there are plenty of offices on offer, but the selection is limited. This is a problem that many large international companies are to be facing on the Sofia office rental market in the months to come. Why is this so? Many construction companies focused on residential projects rather than in the office projects during the crises, while at the same time many international companies started seeing Sofia as a great destination for outsourcing. That is why many of the available and completed office premises and the ones in the business centers near completion were rented. Actually the business centers with greatest occupancies are placed on some of the largest boulevards.

The expectation of the real estate companies is that the outsourcing companies coming to Bulgaria will focus on the areas near the metro stations in Sofia. This means that some locations that were not popular until now will become more appealing in the next two years to come. The business centers with the highest number of rented office premises include the Europеan Trade Center with 95%, Megapark with more than 80%, as well as Sopharma Business Towers, Litex Tower and Polygraphia Office Center, followed by Serdika Offices.