Sofia Office Market: Growth in Rental Rates as New Developments Lag

Sofia's office market has experienced moderate rental activity over the first nine months of this year, with a total leased area of just over 130,000 square meters. This figure is above the five-year average, although the distribution of lease types has remained consistent. According to an analysis by Cushman&Wakefield Forton, contract renewals continue to represent approximately 40% of all deals, followed by tenant relocations....