A Colliers report analyzing the Bulgarian office market in the first quarter of 2026 indicates that regional markets within the country’s major cities have demonstrated resilience over the past year. In Plovdiv, the total stock of Class A and B office space reached 290,300 sq m, with vacancy rates falling to 7.8%, the lowest level since 2019. Strong demand from the IT and outsourcing sectors, which accounted for over 70% of take-up over two years, supported rental increases to EUR 11/sq.m for Class A and EUR 6/sq.m for Class B.
Furthermore, 43,200 sq m, predominantly Class A, is currently under development. Varna’s market saw slight growth, with total stock reaching 277,100 sq m. Vacancy rates dropped to a record low of 4.2%, contrasting with 10.6% at the end of 2024.
Demand has been driven by the industrial and energy sectors,
Topics: #regional #cities #office
