Sofia offices rental most affordable in Europe

The rental levels of the offices in Bulgaria remain amongs the most affordable of all compared to the rest of the office markets in Europe. Other countries with affordable office rentals are Cypruss and Croatia, as well as Macedonia and Estonia. The yearly expeses for renting an office in the center of Sofia is approximately 223 Euro per sq.m. This sum includes not only the monthly rental per month which is approximately 12-13 Euro per sq.m, but also the other expenses for monthly bills and maintenance taxes. At the same time the rental of office in the most expensive business destination on the earth – London is estimated to be 2122 Euro/sq.m per year or 10 times more.

Bulgaria and especially Sofia is very attractive to the outsourcing companies for many reasons though and not just because of the low rental levels. Naturally, the low cost is very appealing to the intrentaional companies looking to outsource their business to Sofia. Yet, the managers in these companies are also taking into account the other expenses and bills, the local administration, the IT service, the financial planning, etc. These large international companies are also considering the fact that Bulgaria has one of the lowest corporate taxes in Europe and the fact that the wages in Sofia are among the lowest in the capitals of Europe. Naturally, the international companies looking to open offices in Sofia are searching for well-educated and trained employees and professionals, which they can find here.