Class A Sofia Offices on Demand

The lack of many available Sofia offices of the highest class AA results in a price increase as far as the rental levels are concerned. Some of the landlords in the business centers with offices of class AA have increased their prices with approximately 8 % per sq.m. and now they are offered at 12.5 – 13 Euro/sq.m. The decreased number of available office premises in Sofia of this high class has made some companies look towards other cities in Bulgaria that can offer them this high level of office premise such as the cities of Plovdiv, Varna, Bourgas. In these cities the outsourcing companies can also find well-educated and prepared professionals to hire.

The office segment in Sofia is the most active one on the business properties market in general. The main reason for that is the activity on the outsourcing sector. The companies from the outsourcing sector have rented more than 25 % of all available offices in Sofia in 2013. Since two of the large international operators are with new owners now, the real estate agents predict re-structuring and optimization of the available office premises they had taken.

In the first half of 2014, the offered office premises of high class in Sofia had 2 % increase, with the total size of office premises provided being more than 1.7 million sq.m. The new projects that have been completed are 37 000 sq.m. The available office premises in Sofia at the moment are about 24 %. The rental levels are stable.