Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Tenants wanted
TENANTS WANTED
Date: 20/07/2009
Source: Stroitelstvo.info
Tenants wanted

The Bulgarian office sector faces two major challenges at the same time - the increased supply and the decreased in the demand. Anyway for some investors there is a light in the tunnel - the weak H1 in office rents is expected to be followed by the market stabilization. According to a survey of the international consultancy Colliers International the volume of rented offices in Sofia of 40,000 sq. m in H1 was in fact 20% lower than the same period of 2008 and 30% below the levels of 2007. One of the reasons behind the weak H1 of 2008 was the lack of adequate supply - most of the projects were just starting and this restricted the choice of the tenants.

Survey of Elta Consult shows that if the projects go according to the preliminary announced plans the market in the capital city would have delivered more 300,000 sq. m new offices against 200,000 sq. m in the record 2008. One of the consequences is the fall of the rent prices which fell with 8.8% to about EUR 15.5 psm since Jan. 2009. One of the advantages of the country is its place at the top as an outsourcing destination, said Andrew Pearson, manager of the local office of the international consultancy King Sturge.


Topic: Real Estate



Featured District
LOVECH DISTRICT AND CITY INFORMATIONLovech
Invest Bulgaria Charts
Real GDP Growth of Bulgaria
Real GDP Growth of Bulgaria

Unemployed People in Bulgaria
Unemployed People in Bulgaria

See all charts
Did You Know?
The First Bulgarian Kingdom
The First Bulgarian Kingdom
At the time of its peak, the First Bulgarian Kingdom, was one of the largest countries in Europe ... More

Shumen is situated in the central part of Northeastern Bulgaria. It is located in the central part of northeast Bulgaria on the main roadways Sofia-Varna and Ruse-Burgas-Istanbul.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members