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)

Colliers: 20 Sofia Buildings Dropouts of Office Space Market
COLLIERS: 20 SOFIA BUILDINGS DROPOUTS OF OFFICE SPACE MARKET
Date: 15/02/2011
Source: novinite.com
Colliers: 20 Sofia Buildings Dropouts of Office Space Market

The economic slowdown aside, the high share of unoccupied office space in Bulgaria's capital Sofia – 25.4% - is the result of the deficiencies of 20 office buildings, according to a survey of Colliers International Bulgaria.

Colliers' analysis shows that a high percentage of the unoccupied office space in Sofia is concentrated in several new buildings and in specific locations in the Bulgarian capital. Thus, 63% of the unoccupied office space in Sofia is focused in 20 buildings, which have only 19% of the total office spаce in the city.

The average occupancy rate in these 20 buildings is only 15%, Colliers said while not specifying the exact developments.

"A more in-depth analysis confirms our views of the market, namely, that most of office buildings will overcome the difficulties created by the economic slowdown. At the same time, office buildings with serious flaws such as bad infrastructure, inefficient design, and location, etc, will overcome their difficulties much slower, especially against the backdrop of the rising supply," explained Anton Slavchev, Office and Business Parks Manager at Colliers International.

The study of Colliers shows that if the 20 buildings with low occupancy are excluded, the unoccupied office space in Sofia will amount to only 11.5% of the total – which is similar to the occupancy rate registered at the end of 2008, right before the global financial and economic crisis tangibly affected the Bulgarian market.

"The segmentation of the market is becoming more and more visible. The office buildings in question will have to invest extreme efforts in order to succeed in the competition for new tenants," Slavchev said.


Topic: Real Estate



Featured District
DOBRICH DISTRICT AND CITY INFORMATIONDobrich
Invest Bulgaria Charts
Private Sector External Debt of Bulgaria
Private Sector External Debt of Bulgaria

See all charts
Did You Know?
Bulgarians Abroad
Bulgarians Abroad
More than 100,000 Bulgarians live in Chicago ... More

Montana is the centre of the administrative region. It is situated in northwestern Bulgaria along the Ogosta River. The town originates from the old Roman stronghold Castra and Montanezium (a stronghold in the mountain), known also as Montana.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 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