MBL’s latest retail market overview at a glance.
- The overall vacancy of retail space in shopping centers in Q4 2019 fell to 9.3% from 9.7% in the previous quarter. The vacancy a year ago was 14%;
- Food and non-food international chains, such as Billa, Lidl, JYSK and PEPCO continued their expansion in shopping centers and standalone locations;
- The retail sentiment, measured by the volume of retail sales, shows a stable positive trend;
- Total volume for commercial real estate transactions in 2019 slightly exceeded EUR 220M, represented mostly by office and hotel deals.
Read the full analysis.
MBL is the leading company specialized in commercial real estate, providing consulting and brokerage services. The company has built a solid reputation in the real estate market in Bulgaria and offers complex solutions to local and international clients – building contractors, investors, financial institutions, tenants and others. The company’s expert team has solid experience in property management, financial services, investment and project management.