Sofia Office Market H2 2017
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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