Winter sleep in the market for office rentals in Sofia ends to June
More deals on rental offices in Sofia in the second half of the year expect consultants.
"After a long period of low activity is beginning to feel signs of recovery in the market for office space. We expect the market to take a positive direction in the second half of 2010 Moving will be expressed in the presence of more attractive deals on rental rates and terms, "said Anton Slavchev Manager Offices and business parks in Bulgarian division of Colliers International.
According Slavchev global mergers will create demand in the office segment in Sofia, the most active companies in the future these will remain in the sector of information technology and business process outsourcing.
Experts expect the rental office space in the country to stabilize. The decline in rental prices tender during the first three months of 2010 is 1.1 euros / sq. m to about 11 euros / sq. m, it follows a general trend towards stabilization of rents in the periphery of the capital in the second half of 2009, according to a study of the company.
The study examined the 15 largest completed project office in the capital at the end of March 2010 projects with a total area of approximately 300 sq m and form almost a third of the total office space in Sofia.
Following undertaken policy on lease terms from some of the 15 largest project saw an increase in employment. The study indicates that landlords prefer to offer flexible solutions such as staggered rent, certain periods of free rent, take the cost of relocation and more. To meet market requirements.
However, demand for office space in the first quarter remained relatively low, with net office space absorbed in the "Top 15" accounts for just under 2 thousand square meters Overall, new leases signed by the 15 projects during the quarter show that the market is benefiting from favorable lease in the next quarter can be expected higher levels of occupancy.
The study confirms the rule of the property market 'location first. Emerging projects located in less favorable locations, continue to fight for customers in the context of less active and lucrative market for tenants. On the other hand, approved projects on the market continue to hold almost 100 percent occupancy.
The data cover 15 project office in Sofia, the largest of them are Business Park Sofia (114 sq m) Interpred - World Trade Center (25 thousand square meters) and Sofia Business Centre - Centre Hyundai (20 thousand . sq. m). The smallest is the Porsche Business Center (7800 sq. m).
Published on 2012-01-10 16:48:23
Source: Investor.bg
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