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Office Market Overview H2 2021

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Demand was mainly determined by optimization and consolidation processes - occupiers searched more modern office, improved rental conditions or more efficient space allocation. The most active sectors were: IT & outsourcing (61%), financial services (25%), professional services (8%), industrial (2%), retail (2%) and other (2%).

The market recovery signals continued during the period under review, the total take-up indicator showed 40% year-on-year increase, with 81,670 sqm for the second half of 2021 and 152,000 sqm for the year.

In the surveyed period, 64% of all deals were due to relocations, 18% to expansion of already established companies, 13% to contract renewals and 5% to new entries on the market.

–źverage asking rents also remained unchanged compared to first half of 2021.

 

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Office Market Overview H2 2021

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Verka Petkova

Partner, Director Business Development | Bulgaria

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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

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