News

Новини

Investors in Bulgaria shifting to larger property

Рубрика: Property news Източник:   Demand for retail space in shopping centres is very high, which is evidenced by the 100 per cent occupancy of Mall of Sofia. This demand comes primarily from large international brands, such as Benetton, Mango, Sisley, Tom Tailor and others, as well as from large domestic electronics stores and supermarkets.
The demand for retail space in residential areas is higher in locations on major road arteries connecting the neighbourhoods with the rest of Sofia.
Supply of retail premises in Bulgaria is still predominantly formed by high-street retail and warehouse retail.

  Rental levels in large shopping centres in Sofia range between 30 and 60 euro a sq m per month, depending mainly on the size and position of the retail unit. Due to the limited supply, rents on attractive high streets command significantly higher levels.
Typically, hypermarkets in the country own their premises, though they have recently started looking for expansion options by renting premises as well.