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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.
JLL chooses Avalant as its Bulgarian representative for offices deals
All main global players have now entered the property consultancy market in the country
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
The real estate market in Sofia shows first signs of recession
Sales increased in 2019 but, on average, prices stagnated
Sofia market still hungry for new office buildings
Available space is expected to increase by 20% in the next three years
Bulgaria’s office market 2018: Abundance of projects and tenants
More than half of the rental deals in the first quarter are related to buildings under construction, to be completed by the end of the year