The foreign service call centers activate the office market in Sofia

The office market in Sofia is driven by the foreign call centers that have relocated to the Bulgarian capital. These investors and owners of these call centers are interested in high-quality office buildings in good areas of the city with fast and easy access. The rental levels vary from 8 to 12 Euro/sq.m, mainly depending on the location and the number of the available amenities. The rental market of Sofia offices is powered by the interest of the different foreign companies as well as several large domestic companies. The key clients on the Sofia office market horizon are the business process outsourcing companies and the stable and well-developing IT companies. Even so, the interest towards available Sofia premises remains below the levels before the crises.

During the third quarter of 2013 in Sofia city were rented more than 20 000 sq.m of office premises, which marks an increase of 13% compared to the same period last year. Since there are a few office rental deals that are currently being arranged, it is possible that the total number of the rented office premises for 2013 to be more than 100 000 sq.m. More than 80% of all offices that have been rented were actually taken by companies which are increasing their business. The most serious rental deal for an office in Sofia during the last three months was the one with the technology company Comverse. This company rented an office of 2500 sq,m placed in Serdika Offices building. However, this is an exclusive deal, since most of the companies are renting office of 600 – 700 sq.m. of area.