Sofia office market revived by the outsourcing and IT companies

For two years in a row the Sofia office market is driven by the companies from the IT sphere and the outsourcing area. These are the main companies that show interest in the office premises in Sofia and have rented the largest number of offices in the first three quarters of year 2013. The country and especially its capital Sofia is attracting the attention of the international companies which are oriented towards customer support and business processes. These companies open offices in Sofia as they are tempted by the low levels of expenses for labor, taxes and rental prices. This is good for Bulgaria, since these companies are hiring local people and are offering good working conditions.

In the recent years however, the construction of offices of class A has decreased and the number of new luxurious offices that are completed has dropped. At the same time, this brought to an investment activity. The ten office projects of the highest class in Sofia are attracting the attention of the greatest number of the companies which are looking for an office to rent. That is why the available office premises in this ten office buildings in Sofia is decreasing and the available office premise there is just 12 %. Hopefully, the construction companies will take note of that and will start new business projects for construction of Sofia offices of the highest class.