There is a shortage of quality office space on the Bulgarian market, according to a report published by Forton, a strategic partner of Cushman & Wakefield. The biggest office deals signed in the first three months of the year included IBM’s expansion to 3,500 sqm at Sofia Airport Center and Visteon’s 7,300 sqm lease at the Capital Fort office building.
Rents increased at the beginning of the year by 4 percent to €13/sqm at projects located near the city’s major boulevards, according to Forton. Meanwhile, office space in the city’s suburbs are averaging between €10-10.5/sqm.
