Pending completion of 31,000 m² of logistics space


It is expected recent completion of several logistics projects with a total 31,000 m² space for rent. This will naturally lead to a slight increase in vacant premises in Sofia. In the first quarter the share of vacant space increased to 3% of total supply, which amounts to 871, 386 m². Despite this, increase vacancy rates remain at healthy levels. Lack of available quality space in existing objects is a prerequisite the new projects relatively quickly to be absorbed by the rental market.

In the first quarter of 2016 rents for prime industrial space in Sofia continued to rise slightly, averaging € 4.20 /m². Compared with the previous quarter growth was 3%, and on an annual basis reached 12 %. The forecast is in the short term gradual increase in rents to continue.

Thanks to ongoing investment by manufacturers of automotive components and companies of light industry, the interest in the production area also remains high.

In the first quarter, the most active development is felt around Plovdiv , where were discovered new production and logistic space of Sensata Technologies, Liebherr and others.

In the region of Sofia industrial zone, Bojurishte also attracted significant investments during the period.

Sofia City Report H2 2023


  Investment Market The cautious behavior seen in investors in H1 2023 continued through H2 as well. The main reason for that seems to be the high cost of financing as interest rates for investors have reached 6.5 – 7.5% which basically melts down the potential return almost entirely. ...

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Sofia City Report H1 2023


Investment Market There was modest investment activity in the first half of 2023, with most deals focused on the office segment. The cautious behavior from investors can be explained by their expectation of global economic slowdown and a potential increase of NPL”s, which could provide opport...

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Sofia City Report H2 2022


A consistent pipeline for retail parks The total modern retail stock in Bulgaria amounts to over 1,17 million sqm, out of which 542,800 sqm operating in Sofia. With 815,000 sqm stock countrywide, the shopping centre segment didn’t see any new completions over the last few years and this tre...

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