n Q1 2011 there were no new shopping center openings registered in Bulgaria’s retail property sector. However, 321k sq.m. of new shopping centre space were under construction, according to real estate consultants Forton. Demand in retail sales in Q1 remained weak, continuing its decline from the previous quarter. Prime shopping center rent levels in Q1 2011 fell 23% YoY to an average of € 26-30/sq.m./month for regular 100-150 sq.m. units. At the same time, high street monthly rents marked a decrease of 17% in the capital city Sofia and 28% for the other large cities, compared to the previous quarter. Shopping center yields remained unchanged QoQ at 9%.