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Stabilization of the Office Market in Sofia Ahead of a New Wave of Projects in 2025
In the next two and a half years, approximately 220,000 square meters of new offices are expected to be completed.
The week: Brace, the rotation is coming
The Suddenly-important Ministry, More Russian spies pop up, and Meta buys a company
JLL chooses Avalant as its Bulgarian representative for offices deals
All main global players have now entered the property consultancy market in the country
Belgian company buys Suite hotel in Sofia to make a hub for working nomads
The owner of Melexis Bulgaria, Duchatelet, and his trusted football manager Catherine Mer bought the Suite hotel, located in Sofia’s Studentski Grad district.
Sofia office market in 2021: more new offices, but also more vacant space
Rented office space increased, but vacant area reached a historic peak
The office market’s explosive growth during the pandemic
Sofia office market added 100, 000 sqm in the second quarter of 2021 and the overall vacancy rate reached 14.3%
The office market: Less rent, less construction
Vacant office space in Sofia reached a five-year high of 13% in 2020