The new office buildings in Sofia

The construction of new big office buildings in Sofia is currently in a waiting policy situation. This is so, as the demand is towards offices in small centers of a mixed type – with residential zone and trade zone with shops. Currently the projects for new office buildings are postponed, until there are more positive prognosis for the real estate market. With an interim government and elections coming in May, the political situation in the country seems unstable and thus foreign investors will most probably arrange for temporal postponing until the situation gets clearer. The real estate brokers and property managers confirm that this might lead to delay in the sale or the rental of the new office premises in Sofia.

In 2013 two high-class office buildings will be completed along Bulgaria Blvd. – the office zone of Bulgaria Mall and Vertigo Business Center, which will form the area as one of the most prestige business and office locations in the capital Sofia. Three additional business centers of the same high class are expected to be completed in 2014. In the last few years, the projects for new Sofia office buildings are difficult to be completed. Currently, the office projects in Sofia with postponed construction feature area of almost 220 000 sq.m. At the same time the small companies are looking for smaller office centers and working premises with area varying between 80 and 200 sq.m. The main criteria for choosing a certain office are the good location and easy access, the attractive price and the presence of a parking.