The New Sofia Office Buildings and Their Capacity

In 2015 only one office building in Sofia opened doors and that is the office project Capital Fort on Tsarigradsko Schousse Blvd. With the opening of the new business center, the capital Sofia will get 42 000 sq.m. of office premises to be used by the outsourcing companies. Currently under construction is also the second phase of the Infinity Tower Building next to Bulgaria Mall, placed on Bulgaria Blvd. This new office premise is to be completed in 2016. At the same time several other projects are to be completed. These projects are not new but they have been postponed until now, waiting for better time to come. Among them is the City Tower Building on Macedonia Square, which is to be completed in 2017. The same is valid for the Millennium Center close to the National Palace of Culture. This building will feature residential premises, trade zones and offices.

The real estate agents believe that the total area of the new office buildings in Sofia to be released on the market is 72 000 sq.m, which is the amount of office premises that is being rented by the outsourcing companies for a period of 6 months approximately. This means that there is a serious demand for the construction of many other such office projects in Sofia. Currently, the rental levels of the Sofia office premises are stable and the offices are being rented for 10-13 Euro/sq.m, with no increase planned for in the next two years. Besides the rent however, the companies that are renting offices in Sofia also need to cover various maintenance taxes and other expenses.