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Office Market Overview H1 2021

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office market H1 2021
  • The office market was characterized by high activity during the first six months of the year. Total take-up was 70,330 sqm, 6% higher compared to the first half of 2019. The main sectors driving demand were: IT and outsourcing (73%), professional services (11%) and retail (8%). 
  • In the surveyed period, 39% of all deals were due to relocations, 37% to contract renewals, 10% to pre-leases, another 10% to expansion of already established companies and 4% to new entries on the market.
  • Average asking rental levels remained stable, namely for class A offices were EUR 14 per sqm - CBD, 12.5 euro per sqm – Broad centre and 12 euro per sqm - for Suburbs.

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Office Market Overview H1 2021

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Related Experts

Verka Petkova

Partner, Director Business Development | Bulgaria

Sofia

Verka joined Colliers International in August 2005 as Key Accounts Executive, focusing on the launch of a new residential service. In connection to the launch of Business Park Varna in 2005,  she was asked to contribute as a member of the project team. Based on her experience and success with the project, she became a member of the Offices & Business Parks team in May 2006. Verka was  promoted to Consultant in the beginning of 2007, and to Senior Consultant in the beginning of 2008. Since the beginning of 2010 she is Manager Key Accounts Offices & Business Parks. In 2012 Verka  become the Head of the Office Services team and as of March 2017 - Director Business Development.

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Adriana Toncheva

Senior Consultant | Bulgaria

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Adriana Toncheva joined Colliers in October 2008 as Market Researcher and member of the marketing team. Her primary responsibilities are data collection and analysis, processing and carrying out market research surveys, writing various real estate market reports. Adriana is the person to turn to for accurate and updated data and analysis regarding various topics, not limited to real estate. She supports internal clients with corporate presentations and reports, customized to their specific needs and requests. Among her major projects are the implementation of the Net Promoter Score program, Colliers Bulgaria Client Follow-up program and Integis. In 2014 she received Colliers Bulgaria Service Excellence Award for business support functions.

 

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