Office market supply grows, despite weak demand

Capital Daily ,  2 February, 2012

New office space supply in Sofia continued to increase in 2011, and significantly outpaced demand growth during that period, shows the Market Overview report from consultancy firm Forton Intenrational. According to the report, 163 000 square meters of office space had been completed in 2011 and 88 000 square meters were leased. The supply is expected to increase by another 120,000 square meters this year, and the demand will maintain last year’s levels, estimated Forton.