The retail property market will be the most dynamic commercial sector next year with 6 new shopping centers under construction, commented from Forton International. According to experts the “lifestyle” trend will continue to evolve and will offer more leisure and entertainment amenities. Meanwhile further activity on the office and industrial market can be expected with certain positive tendencies.

Boulevard ”Vitosha” takes 52nd place in the Cushman & Wakefield report for the most expensive shopping streets in the world. The ranking is presented in Bulgaria by the alliance partner of the company Forton International. Analysis of Cushman & Wakefield also shows that  the current average monthly rent at the main shopping street in Sofia is about 50 € per sqm. The report also shows that in 2010 rent levels in the rest of the country have fallen by 10% to 25% on average.

Large retailers are looking for exposure in both shopping malls and on high streets. For this reason, Vitosha Blvd. will sooner or later recover its prominence as a retail destination in Sofia, said Sergey Koinov, Partner and Managing Director at Forton Intrnational. He also said that in the office space market, supply continues to outpace demand and existing space now is about 1.3 million sqm.