Rental prices of offices in Bulgaria continue to fall

2011-10-13   |  Sega Daily, vol.233, 13.10.11

Experts report of yet another month of decrease in prices of offices in Bulgaria. In 3Q 2011 rental rates in the new office buildings in Sofia dropped by 3.6% compared to the previous quarter. This means Bulgaria tops the list of office price drop in Europe, a research of CB Richard Ellis consultants shows. The price drop is even bigger year-on-year 5.26%, the research shows. Experts explain the decrease in rental levels with the big supply of office areas against the backdrop of lower demand.

According to Colliers International in the first half of the year Sofia ranks second in Europe with regard to unoccupied offices a quarter of the business premises in Sofia are vacant. Experts report great interest in renting them but the actual concluded deals are few. Nevertheless, more commercial and business buildings are being built in Sofia.

It recently became known that Bulgaria ranks 13th in an international ranking for trading areas to be built by the end of 2012. By the end of next year 181,500 sq.m. of new trading areas are expected to be finished in Bulgaria.

View all our offices for rent

  Read more news

Share
Beach Villas on the Bulgarian Black Sea Coast
Searching for your own place in the sun?
Explore our selection of lovely houses and villas situated in the beach resorts and in the villages nearby! Prices with no competition in Europe!
See More

LATEST REGIONAL NEWS
Street Food & Art Festival in Burgas is a New Concept for an Urban Festival

Street Food & Art Festival is a new concept for an urban festival, its organizer Nikolay Todorov told Focus Radio.

The festival, held with the support of Burgas Municipality, is taking place in Burgas. More than 15 of the Best Street Food culinary artists in Bulgaria have been invited, Todorov said. "We are talking about mobile kitchens, kitchens on wheels, caravans, campers, truck... read more

13 August, 2019
LATEST REGIONAL NEWS
Archeologists unearth church from 6th century near Gabrovo

An early Byzantine church, 20 by 10 meters in size, made from rock blocks and brick layers, with a floor lined with ceramic tiles has been discovered by archaeologists.

It has two entrances on the south and west sides and an interesting altar section, as it had benches where clergymen were sitting, as well as a bishop's throne in the central place, Professor Hitko Vachev said. He a... read more

13 August, 2019
LATEST REGIONAL NEWS
Seaside Garden in Varna turns into large-scale arts and crafts exhibition

For the 23rd time the International Fair of Crafts and Arts Bulgarika will become a venue for a big number of artists and craftsmen. In the period August 1 21, some of the best artisans in the fields of fine and applied arts, crafts and music will participate in it. Traditionally, the audience will actively participate in the fair as they will be able to take part in crafts or arts workshops or... read more

13 August, 2019
LATEST REGIONAL NEWS
Staro Zhelezare village once again hosts Street Art Village Festival

Until the end of August, the village near Plovdiv is once again hosting Staro Zhelezare Street Art Village Festival.

The village itself has no more than 400 inhabitants. Every year the people behind this project artists Katarzina and Ventsislav Piryankovi and students of theirs from Poznan, Poland, transform the place, painting and drawing on the walls of houses and fences.
... read more

13 August, 2019

REQUEST DETAILS


Fatal error: Uncaught Error: Call to undefined function display_gdpr_fields() in /usr/hosting/bulgarianproperties-com/bulgarianproperties.com/foot.php:114 Stack trace: #0 /usr/hosting/bulgarianproperties-com/bulgarianproperties.com/bulgaria-news.php(297): include() #1 {main} thrown in /usr/hosting/bulgarianproperties-com/bulgarianproperties.com/foot.php on line 114