A Colliers report analyzing the Bulgarian office market in early 2026 indicates continued resilience across the country’s major regional cities. The analysis highlights distinct trends in Plovdiv, Varna, and Burgas. In Plovdiv, the market demonstrated stability in 2025, with the total stock of Class A and B office space reaching 290,300 sq m.
Vacancy rates dropped to 7.8%, the lowest level since 2019, largely due to strong uptake from the IT and outsourcing sectors, which accounted for over 70% of recent leasing activity. Rental rates rose to EUR 11/sq.m for Class A and EUR 6/sq.m for Class B, supported by 43,200 sq m of new Class A development. Varna reported slight growth in 2025 and early 2026, bringing the total stock to 277,100 sq m.
Its vacancy rate reached a record low of 4.2%, driven by demand from industrial, energy, and professional service sectors. Rents increased to EUR 10/sq.m
Topics: #regional #cities #office
