Colliers International
Strong Foreign Investment Fuels Bulgarian Real Estate Market in 2024
In the first half of this year, approximately 92.6 million euros were invested in business properties in Bulgaria, according to data from the consulting firm Colliers International. Notably, over 77% of this amount came from a single transaction involving a portfolio of industrial and logistics properties, as well as construction plots.
Office Sector Continues to Dominate the CEE Region in 2019, up 43% Year-on-Year
Flow volume into the CEE-6 commercial real estate markets picked up in Q2 2019, registering a cycle-high EUR 3.3bn for the quarter. Following on from the weaker Q1, H1 2019 volumes at EUR 5.5bn were thus just -3% down on H1 2018's record.
Which Major Chains Opened New Stores in Bulgaria in 2019?
Demand for modern commercial properties in Bulgaria is at record highs, Colliers International reports. The total utilized area is 21 900 square meters, and thus the first half of the year marks levels not seen since 2015. The analysis includes shopping centers over 10,000 sq.m.
Physical Stores Remain Fashionable in Sofia
The progressive development of online commerce globally has not significantly affected the demand for modern commercial properties in the capital in the first half of 2019. On the contrary, it has reached record levels on a half-year basis since 2015. The total utilized area for the period under review is 21,900 sq.m. This is stated in the latest report by Colliers International.
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VMware has Negotiated the Largest Office Deal in Bulgaria
US high-tech VMware will rent more than 20,000 square meters in two of the buildings built in the Garitage Park complex. The announced rental area is the biggest office deal on the Bulgarian market.
Buildings will be put into use in mid-2019. VMware will provide more than 1,600 jobs, meeting rooms, leisure facilities, and employee entertainment.
Class A Office Space Rental Rates in Sofia Record 8.3% Growth Y/Y
Rental rates of class A office space in Sofia have reached EUR 13 per sq.m. in Q1 2014, according to the recent data provided by Colliers International.
The increase is 8.3% compared to the previous six months and on an annual basis, Investor.bg informs citing the company report.