1Q Sofia office market sees subdued pace, 15-16% occupancy, 10-15% decline in transactions, IT firms curbing expansion, embracing hybrid work models.
Sofia's office market has a subdued 1Q pace with 15-16% occupancy rates and a 10-15% decline in finalized transactions vs. previous years. IT firms in the outsourcing sector are curbing expansion and embracing hybrid work models, driving the rental market. New office spaces are scarce, despite lingering premium segment vacancies.
May 11, 2024
3 Articles