Sofia offices, part of the European offices

Almost 57 billion Euros were invested in the construction and organization of European offices during the year of 2012. The sum is reduced with 7 % according to the sum spent the previous year. Of course, the overall economic stagnation in all countries of the European Union lead to no rental growth in the prices, however the interest in relocation and opening of new offices of the local and international companies in all member states was serious. Such increase in the rental prices was seen in Munich and Dusseldorf, Lyon, Oslo and Moscow, however in Sofia the rental prices of the offices remained the same or slightly lower compared to the same period a year ago. A decline in the rental levels of the offices was seen in the cities of Madrid and Lisbon.

According to the prognosis, the rental values will remain the same in most of the European business markets. The interest will be towards the modern office buildings of the highest class, which also have very good locations. The rental levels of offices of class B will remain low and the interest towards them will not increase. Reductions in the rental levels of the offices are expected in cities that have been hit badly by the economic crises like the city of Madrid or face a large supply of office space such as the city of Warsaw.