Sofia offices: from January to June

During the first six months of year 2013, the office market in Sofia showed a slight increase and the total area of office premises that were offered almost reached 1 700 000 sq.m. The completed office buildings in Sofia during 2013 added approximately 35 000 sq.m more, most of which being placed in the outskirts of the Bulgarian capital. The greatest number of modern office premises of class A is to be found in the southeastern part of the capital, near the ring road, followed by the downtown and then by the central city zone. During the first six months of the year is registered an increased activity in the office rental practices. The office premises that have been rented cover approximately 76 000 sq.m, which is up with 45 % compared to the figures at the end of the previous year.

The office market in Sofia is driven by the new companies that are emerging on the market and the expansion of the activities of the existing companies which are already operating in Bulgaria. The most active are the companies from the spheres that were not that affected by the financial situation in the past few years including companies working in the spheres of trade, software production and pharmacy. The companies are mainly interested in large office premises with reasonable monthly rentals and functional distribution of the interior area. Great attention is also paid to the good transport connections. Currently, the city of Sofia features 18 projects of class A, which are completed and correspond to the requirements of the international qualifications for office buildings of the highest class A. The highest percentage of rented offices in these buildings, testify for potential shortage of that type of office space in the near future.