Active Year on the Office Market

Right after the active 2015 on the office market in Sofia, the real estate experts gave prognosis for dynamic 2016 and the situation on the office market has proven them right. Despite all the new office premises that have started in 2015 and 2016, the demand for available office premises of the highest class will still be serious. Currently, the available offices on the market in Sofia are approximately 22 400 sq.m, which is quite insufficient for the number of international companies that want to open offices in Sofia and the ones that are already here and wish to expand and thus relocate to more spacious office areas.

According to the plans of the big construction companies, 80 000 sq.m of office premises are to be completed by the end of this year and another 240 000 sq.m of offices are planned to be ready in 2017. Not all of these office premises will be in Sofia, however, as some of them will be based in the cities of Bourgas and Plovdiv. The companies that are looking to invest in the office segment in Bulgaria are from the IT and the Outsourcing sphere, various call centers, consultant and shared services companies.