Sofia office market has many new tenants

The office market in Sofia is stable and has many new tenants. These are solid local and international companies who are looking for new offices. An year ago the main source of activity on the office market were the companies that were relocating, but since the beginning of 2013, an interest towards the offices in Sofia comes from brand new companies that are emerging on the market. Usually, these are outsourcing companies from the sphere of services like call centers, IT technologies and pharmaceutical companies. This marks a new moment for the Sofia office market and is a sign that it is recovering.

According to leading real estate companies, in the last four years the rented office premises in Sofia have increased with ten per cent per year. Currently, the office market in Sofia in general has reached a state of balance where the demand and the supply of office and business remises in Sofia have met. The most sought after locations are placed along Tsarigradsko Schousse Blvd. and more specifically in the area around The Mall where are set the Megapark and the ETC business centers projects. Serious interest is also shown in Serdica offices. The companies are different and work in various spheres of the business, but they are all looking for good location easy access, high quality of the construction and functional distribution of the premises.