Sofia to See Higher Occupancy Levels of Office Premises in 2006_x000d_
24.02.2006
Source: Novinite.bg
Supply of office premises and occupancy levels in Sofia are expected to mark an increase in 2006 since many investors are about to launch large-scale projects, to be rented by foreign clients, forecast experts from Forton International. Data of the company shows 83% occupancy for Class A offices in Sofia and 90% for Class B offices. The latter is due to due to the large number of small and medium-sized enterprises on the market. As compared to the market in previous years, occupancy levels and the number of appropriate land lots offered are higher. Bulgaria has emerged as an important investment market for investment funds since average yields nationwide vary between 9-11%, which are relatively high as compared to other Central and Eastern European countries."Our forecasts are that the levels will remain unchanged or decrease slightly until the end of the year," said Vulchev, Managing Partner of Forton International