Office rental levels in Sofia up with 8 %

The rental levels of the Sofia offices have gone up with an average of 8 % in the first six months of 2014, compared to the same period last year. Currently, the rental levels of the luxurious offices in Sofia are in the price range of 12 Euros/sq.m per month. The actual value for each rent of office premise in Sofia depends on the exact location and the additional services that are included in the asking price. The main reason behind the increase in the rental levels of Sofia offices lies in the lack of many high-end office premises, as such office buildings have not been constructed in Sofia in the last few years. At the same time, there is an interest in the number of the available office premises of class A, which are on demand by IT and outsourcing companies.

In Sofia city are not available around twenty office buildings of class A, with only 10 % free office premises available there. The companies looking to relocate their business to Sofia are in search of normal-sized office premises between 100 – 1500 sq.m. Currently there is no interest in office premises in Sofia above 2000 sq.m. Until the end of this year will be completed around 80 000 sq.m of office premises, which will be placed along Bulgaria Blvd. and Tsarigradsko Schousse Blvd.