Sofia offices: the market situation

The sector of the business premises and offices in Sofia is in good place now, developing with steady steps and the business seems to feel certain optimism. The characteristics of the available office buildings in Sofia and the office centers that are in progress were discussed by leading real estate agents and investors. According to the real estate agents, who are experts on the office properties market in Sofia, the future projects for the construction of office buildings in Sofia will offer around 190 000 sq.m. However, the office projects of class A in Sofia that are currently being worked on comprise of around 60 000 sq.m.

In case the rental levels of Sofia office premises remain the same in the current years, the investors will find out that there is a lack of high quality office premises. Currently, in Sofia city are available 45 000 sq.m. of offices and the real estate experts say that each year around 100 000 sq.m of new offices in Sofia are being rented or purchased by new companies on the Bulgarian market or existing companies which are relocating. Currently, the interest of the investors is focused on the office buildings of the highest class A in Sofia, which have all the required facilities and amenities to offer to the people working there, public transport and access to good infrastructure.