Slight but constant increase in the rental of Sofia offices

In the last two years there is slight, but constant increase in the rental of offices in Sofia city. In year 2011 for example the percentage of the available office premises was 28 %, which marks a drop of 10 % if compared to the available office premises in 2012 which were 18 %. In other words, the available Sofia office premises are being rented on a stable and constant basis. This optimistic information is actually a really good news for both the business and the Bulgarian economy in general. The new office tenants are looking for bigger and better offices. This is valid both for the local companies and for the international companies that are setting foot in the country.

This is a solid tendency since the rental of offices in Sofia is going up with 10 % each year. Currently, the office market in Sofia city is quite stable. The demand and the supply of office premises has reached a balance. In 2012 the completed office buildings offered 140 000 sq.m, while in 2013 the prognosis are for 81 000 sq.m. Many of the of the new office buildings and business centers were constructed for the specific needs of the companies that will use them – a new trend that is expected to become a standard.