Rentals of prime retail space on the main shopping streets in Sofia reported a decline of 10 percent in the first quarter of 2010, according to a new report. According to a study of the consulting firm CB Richard Ellis (CBRE) rents of these commercial areas have decreased on average to 45 per sq m per month, a drop of over 18% annually. Decrease from the highest level hire in the last three years is nearly 31%. This Sofia ranks among the European cities that have reported some of the largest decreases in premium rents space in facilities located in shopping streets. Among the 49 markets in Europe, Middle East and Africa surveyed Sofia occupies sixth place in terms of size of the decrease in rental levels over the period. Principal is Dublin, where rents of land fell by over 13% in the first quarter. Significant decreases also marked Athens, Porto, London City, Dubai, Tel Aviv and others. There are very few markets where rents surged in the first three months. Leading in this respect is Berlin with an increase of 4.26 percent, followed by Glasgow with 4%. Although marginal increase (0.18%) and rents recorded in Moscow. Currently the yield on this type of retail space in Sofia is 8%, unchanged for the quarter, but by 100 basis points higher than the same period last year. Sofia is one of the markets in the report which reported the largest declines in rents of prime industrial land for the period January - March. Rents for the period fell by 7.22 percent to an average of 4.5 euros per square meter per month. Greater reduction is only rents in Edinburgh - 7.69%. Rotterdam is the only market which has registered an increase of 4.48%, but most locations have remained unchanged. Office rents in the capital also fell during the first three months, fell to 14.75 euros per square meter per month for premium space. This represents a 1.67% decrease compared to the end of 2009 and 13.24 percent compared with a year earlier. The company stated that all data are indicative only for buildings with specific quality specifications and size. The extent to which these indicators are supported by information on actual transactions vary for different markets and different periods. At a time when the volume of transactions has shrunk considerably, as now, the information is largely based on the opinion of experts on market conditions, the report said.