Strong start of the year for the office market in Sofia

The office market in Sofia will be characterized with a lot of activities and a growth, thanks to the increased number of investors in the area. The investments made in the Sofia city offices rose during the first quarter of the year according to the company Cushman & Wakefield. The activity on the office market in Sofia is further supported by the strengthening of the debt financing and the supply of business buildings of the highest class. Moreover, the rental levels of the Sofia offices are the lowest in Europe – approximately 9 Euros / sq.m, compared to 57 Euros / sq.m. for the offices in Paris – the city that has the most expensive offices on the continent. Many investors are now looking for an alternative and they find it in Bulgaria and its capital Sofia. In this city they can find modern Sofia offices, highly-educated professionals and higher return on the money invested, so they decide to outsource their business here.

According to the real estate agents, the tendency for the offices in Sofia from the first months of the year will affect the rest of the year. It is expected that many investors will head towards interesting new markets in Central and Eastern Europe, as they will be ready to register a company in Bulgaria, Sofia and the rest of the capitals of these countries. The offices remain the most preferred asset for the companies investors in Sofia city, both international and local.