Smaller Sofia Offices On Demand in The Beginning of 2016

Great deal of the companies that are looking for office premises in Sofia are coming from the IT, outsourcing and financial sphere. These companies are in search of large offices above 1000 sq.m, situated in the big business centers of Sofia. The real estate experts comment however, that there is a serious demand now for smaller office premises with size between 200 and 400 sq.m. Such offices can be found in many areas of Sofia and are usually searched for by startup companies.

The tendency concerning the office premises in Sofia for the beginning of 2016 is for the large companies to relocate to larger office premises of more than 1000 – 1500 sq.m., thus disposing many smaller offices mainly positioned in Sofia city center. The rental levels of the offices in Sofia during the first quarter of 2016 remain unchanged – varying between 10-12 Euros / sq.m for the offices of class A and 12-14 Euros / sq.m for the very luxurious offices in the new office buildings. It is believed that the office market will remain active in the next 12 – 18 months.