Sofia is the only city in Europe, where the rent prices of office grounds are growing during the third quarter of the year, according to the report of the consulting agency “King Sturge”. The average rent prices in the capital have grown with 10% to 264 euro per square meter annually. This places Sofia at the top of the office markets.

According to the company, the lack of A class office grounds is expected to keep the rent prices of the quality offices on the same level throughout the coming months. The profitability of rented offices is a constant for the period April-June – 8,5%.

Bulgaria’s Sofia is followed by Brussels, Milan, Copenhagen and Zagreb, where rent prices remained unchanged for the period. Moscow and Oslo are at the bottom of the chart with rent prices dropping by 17,7% and 16,6% respectively. The data from the consulting company however contradicts the research of “Forton international” on the Sofia real estate market. Forton reported a growing number of vacant offices in Sofia. They expect their number to grow in the following months. Unlike office grounds, the industrial grounds in the Bulgarian capital are now 10% cheaper.