The total investment volume is EUR 12.3 million, according to data from the latest Colliers report on the real estate market in Sofia in the first quarter of 2024.
In the office segment, the average rental levels in the capital for class A areas registered a minimal growth to 15 euros per sq.m per month, and for class B they remained unchanged – 10 euros per sq.m per month. At the time of publication of Colliers’ data, 303,800 square meters are under active construction, Pariteni.bg cites. The gross utilized areas are 36,900 square meters, and the share of unoccupied spaces is about 15 percent for class A and B offices.
For flex offices (rented for a short time – note), the average monthly rent for a fixed desk is 180 euros per sq.m., for a shared office – 150 euros per sq.m., and for a private office – 220 euros per sq.m. m. The existing supply amounts to 63,800 sq.m., and a new 9,850 sq.m. is expected to be additionally offered to the market. The number of flexible workspace operators is 63, offering a total of 8,717 jobs. The total fund of the flex segment compared to that of standard offices class A and B is 3.4 percent.
In the segment of industrial properties, a smooth growth of rental levels was registered, with which they reached 5.5 euros/sq.m/month for class A properties and 4 euros/sq.m/month – class B. The existing offer includes 1,412 600 sq.m of finished areas and 77,200 sq.m under construction. The gross leased spaces are 7,750 sq.m., and the unoccupied spaces decrease to 4.2 percent.
Rental prices for areas in malls increase to 43 euros/sq.m/month. The same trend is observed in the main shopping streets and shopping parks, where the indicator reaches 56 and 11 euros/sq.m/month, respectively. No new projects are planned in the segment of shopping centers, and 70,700 square meters of parks are under construction. Colliers’ data show that the share of free space in shopping malls decreased to 2.5 percent, while in the main shopping streets and retail parks it remained at 1 percent in the former and 3.3 percent in the latter.
