Sofia office rental prices remain the same

The number of the available Sofia offices is decreasing but even so the available office premises in the Bulgarian capital are still around 15 %. That is why the rental levels remain stable and vary between 9 and 12 Euro/sq.m depending on the exact location and level of facilities in the office building. Sofia city has a quickly developing office market and the prognoses are that soon the percentage of the available office premises will drop, if the political and economic situation in the country remains stable.

The real estate specialists think that Bulgaria has released only half of its potential for new office premises. This, however, does not mean that there is room for any large office projects to be constructed in Sofia in the next few years. At the same time, the office market during the last two years in Sofia was driven by large international companies which are looking to outsource their business in Bulgaria and especially in Sofia. These companies are interested in modern office buildings in Sofia with good location, parking zone and easy access via the public transport system of the city. Offices in Sofia, which are placed in areas that are not appealing and with fast and convenient access, are not in the focus of the foreign companies that are outsourcing their business in the country.