Sofia Office Market H2 2017

Sofia Office Market H2 2017

Overview

The second half of 2017 the office market has seen another active period with increase in take-up, stable rents and high development appetite. The existing  stock of modern  office  space  in Sofia continued to grow, reaching   ca. 1,7 mln. sq.m. IT and BPO companies remain the major source of demand in Sofia and the secondary cities as Plovdiv and Varna.

Furthermore, the number of development projects starts and the volume of office space under construction is ca. 300 000 sq.m, some of which are scheduled for delivery by the end of 2018.

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andrey Tepeshanov