{"id":20492,"date":"2019-09-08T16:44:32","date_gmt":"2019-09-08T13:44:32","guid":{"rendered":"https:\/\/investsofia.com\/?p=20492"},"modified":"2019-09-09T01:14:03","modified_gmt":"2019-09-08T22:14:03","slug":"nearly-107000-m2-new-office-space-sofia","status":"publish","type":"post","link":"https:\/\/investsofia.com\/en\/nearly-107000-m2-new-office-space-sofia\/","title":{"rendered":"Nearly 107,000 m2 New Office Space in Sofia"},"content":{"rendered":"

\u00a0<\/span><\/p>\n

\"\"The new office space in Sofia completed in the first half of 2019 was about 107,000 m<\/span>2<\/span>, according to data from Cu\u0455hman & Wakefield Forton. The trend for leasing buildings still under construction continues to dominate the market.<\/span><\/p>\n

The total built stock of class A and B space reached 1.925 million m<\/span>2<\/span>, and IT and BPO companies remain the most active tennants on the market. Because of their dynamic growth, they seek larger spaces or spaces to bring their units together.<\/span><\/p>\n

In the first six months of the year, the available office space in Sofia was about 9.9%. It is expected activity on the lease market to grow over the third and fourth quarter, and the long-term forecast is for a slight increase in the available spaces, which will then lead to a reduction in asking prices.<\/span><\/p>\n

The assessment of \u0421u\u0455hm\u0430n & W\u0430k\u0435f\u0456\u0435ld I F\u043ert\u043en is that the office space market in the capital has entered a mature phase with a steady demand and activity. There is a slight increase in unoccupied premises of Class B since tenants are interested in improving their working environment by migrating to Class A space.<\/span><\/p>\n

In the second quarter of 2019, the office space under construction in Sofia 404,000 m<\/span>2<\/span>. According to Cushman & Wakefield Forton, 90% of these projects are located on key boulevards and in areas with good transport connections.<\/span><\/p>\n

Rents for prime office space in Sofia were stable in the first quarter \u2013 EUR 15\/m<\/span>2<\/span> for central business districts (CBD) and EUR 13-14 \/ m<\/span>2 <\/span>for non-CBD areas. Prime office yields remained stable at 7.5-8% in the first half of 2019.<\/span><\/p>\n

You can find all data about the first half of the year of \u0421u\u0455hm\u0430n & W\u0430k\u0435f\u0456\u0435ld I F\u043ert\u043en here<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 The new office space in Sofia completed in the first half of 2019 was about 107,000 m2, […]<\/p>\n","protected":false},"author":9,"featured_media":20490,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[169],"tags":[],"class_list":["post-20492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter-en"],"_links":{"self":[{"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/posts\/20492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/comments?post=20492"}],"version-history":[{"count":0,"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/posts\/20492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/media\/20490"}],"wp:attachment":[{"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/media?parent=20492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/categories?post=20492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investsofia.com\/en\/wp-json\/wp\/v2\/tags?post=20492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}