Colliers | Office Market Overview H2 2021

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.

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

Office Market Overview H2 2021

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Verka Petkova

Partner, Director Business Development | Bulgaria

Sofia

+359 2 976 99 76

+359 896 777 614

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

Sofia

+359 2 976 9976

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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