REAL ESTATE IN SOFIA

 

Sofia is the largest market for modern office and retail spaces in Bulgaria. The volume of the industrial and logistic spaces is growing in line with the overall economic growth of the city.

Class A and Class B offices 1,794,000 m2

Class A and Class B offices

Annual growth in Sofia's office inventory in the last 5 years 5 %

Annual growth in Sofia's office inventory in the last 5 years

New office inventory until 2020 406,000 m2

New office inventory until 2020

Office space rent price 10 - 13.5 eur/m2

Office space rent price - the lowest one in CEE

915,750 m2

Modern warehouse and logistic spaces

5 %

Growth in industrial spaces in 2016

217,500 m2

New industrial and logistic inventory until 2020

2.7 - 5.2 eur/m2

Warehouse and logistic spaces rent price

Data provided by leading real estate agencies

Business Zones in Sofia

  1. Todor Alexandrov blvd
  2. Central Business Zone
  3. Sofia Square Zone
  4. Hladilnika Zone
  5. Sofia Tech Park Zone
  6. Capital Fort Zone
  7. Grand Kanyon Zone
  8. Business Park Sofia
  9. Bulgaria blvd
  10. Sofia Airport Zone

Co-working Spaces

 

Sofia has over 25 tech, art, social and other co-working spaces. With 2% of Sofia’s office stock leased by co-working operators, the city is in Europe’s TOP 5 after Amsterdam, London & Stockholm.

The first science and technology park in Bulgaria is also in Sofia. Sofia Tech Park supports R&D, innovations and the increase of Bulgaria’s technological potential. It provides selected technological companies with office space and 11 high-tech labs.

Major Co-working Spaces

Construction Permits

According to a report by the World Bank, completing the construction permitting process for a simple warehouse in Sofia, including connecting it to water and sewerage, requires 18 procedures.

Among Bulgarian cities, Sofia has the easiest and fastest construction permitting process, taking 97 days with a fast-track option at an additional fee for several municipal services. The building quality control index for Bulgaria is 14 (out of 15).

Source: Doing Business 2019, World Bank

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