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Sofia office market in 2021: more new offices, but also more vacant space

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

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

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

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

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

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