A Colliers report analyzing the Bulgarian office market in major regional cities indicates that office markets remained resilient throughout 2025 and into early 2026. In Plovdiv, the market demonstrated stability, reporting a total stock of Class A and B space at 290,300 sq m. Vacancy rates fell to 7.8%, the lowest level since 2019, largely attributed to robust demand from the IT and outsourcing sectors, which accounted for over 70% of recent space take-up.
Rental rates reached EUR 11/sq.m for Class A and EUR 6/sq.m for Class B, while 43,200 sq m of new Class A space is currently under development. Varna also showed growth, with the total stock reaching 277,100 sq m. The city recorded a record-low vacancy rate of 4.2%, significantly down from 10.6% at the end of 2024.
Demand in Varna has been supported by the industrial and energy sectors, alongside professional services. Rental rates are reported at EUR 10/sq.m for Class A and approximately EUR 6/sq.
Topics: #regional #cities #office
It’s encouraging to see the resilience of the office markets in Bulgaria’s major regional cities.
What factors contributed to the resilience of the office markets in Bulgaria’s major regional cities?