The office market outside Sofia

The office market in Sofia city is busy and even if it had a slight delay and had gone through some tough times, it is still strong and getting attention. The situation is not the same with the offices outside Sofia city. The market of business areas in the country is not that busy. Actually, the average selling price of the offers for offices is below 850 Euro/sq.m. The real estate agents comment that the lack of buyers and investors in offices is due to the poor economics in the country which blocks the investment intentions of the business companies.

A slight interest in offices outside the capital Sofia is shown in two of the other major cities in the country – Plovdiv and Bourgas. There are a few modern office and business buildings there that deserve the attention. They have been built with the intention of accepting several outsourcing companies and this will eventually happen, but for now on there is no serious interest. According to the real estate agents, the office market will get more attention when the entire economics faces a stable development. Until that moment, the only chance for the office market in the country to develop is if some companies decide to move their offices from Sofia to the other cities in the country where they will find a cheap work force.