OFFICE SPACE MARKET OVERVIEW, SOFIA, Q3

The existing stock of modern office space in Sofia continued to grow, reaching 1.828 mln sq. m, following the completion of
BSR Sofia 1 (phase 2) and several smaller properties.

The new deliveries amounted to 41,800 sq. m., which is the highest quarterly figure since Q3 2015. Furthermore, the number of construction starts is increasing and the volume of space under
construction is already 337,000 sq. m, of which ca. 250,000 sq. m. are scheduled for delivery by the end of 2018. In addition, office buildings with a combined office area of ca. 160,000 sq. m are planned to break ground in 2017. Tzarigradsko Shosse corridor, Lozenetz/Hladilnika and the area of Business Park Sofia remain the most preferred locations for office developments and at present account for over 70% of the space under construction.

You can find the full detailed office space review HERE.