Commercial property
Offices and Logistics in Sofia
Sofia has 2.36 million m² of modern offices and a logistics market where almost nothing stands empty. Office rents have held steady while a large wave of new buildings arrives; warehouse rents are firm and most new space is let before it is built.
Offices
| Stock | 2.36 million m² |
|---|---|
| Vacant | About 275,000 m² (11.6%) |
| Class A rents | €14 to €18 per m² a month |
| Prime, city centre | About €20, some quotes €21 |
| Take-up | 50,063 m² in Q2, 96,075 m² in the first half |
| Under construction | 203,000 m² |
Source: Cushman & Wakefield Forton: Sofia office MarketBeat, Q2 2026; Scaladi: Sofia’s office market, record new supply before year end (C&W Forton data)1,2
New office supply
Source: Scaladi: Sofia’s office market, record new supply before year end (C&W Forton data)2
About 85,000 m² is due by the end of 2026, the most in four years, including Sky Fort and M Tower. Tenants have more choice, which keeps rents in check.2
Logistics and industrial
| Total stock, Sofia area | 2.40 million m² |
|---|---|
| Vacancy | 0.6% (15,000 m²) |
| Class A rent | About €6.00 per m² a month (prime €5.80 for 10,000 m² and over) |
| Class B rent | About €4.50 per m² a month |
| Take-up, Q2 2026 | 66,000 m², the best quarter since late 2024 |
| Under construction | 242,000 m² at 26 sites |
Source: Cushman & Wakefield Forton: Sofia industrial MarketBeat, Q2 2026; BTA: Sofia industrial and logistics space, H1 2026 (Colliers)3,5
Who takes the space
Source: Cushman & Wakefield Forton: Sofia industrial MarketBeat, Q2 20263
Three quarters of the space leased in Q2 was pre-let in buildings still under construction.3
Investment market
| Completed investment, H1 2026 | Just under €188 million, all from Bulgarian buyers |
|---|---|
| Prime yields | Offices 7.5%, logistics 7.5%, retail about 7.75% |
Source: International Investment: Bulgaria’s property market enters a more mature phase (H1 2026)4
Deals already agreed could lift the 2026 total to about €405 million once they close.4
Frequently Asked Questions
What are office rents and vacancy in Sofia in 2026?
Sofia’s office vacancy was 11.6% in Q2 2026, equal to about 275,000 m². Class A rents were €14 to €18 per m² a month, while prime city-centre rents were about €20, with some quotes at €21.
How much new office space is expected in Sofia by the end of 2026?
About 85,000 m² of new office space is due by the end of 2026, the most in four years. Sky Fort and M Tower are among the developments, and 203,000 m² was under construction.
What are warehouse rents and vacancy in Sofia?
Sofia’s logistics vacancy was 0.6%, or 15,000 m², in Q2 2026. Class A rent was about €6.00 per m² a month, with a prime rent of €5.80 for spaces of 10,000 m² and over; Class B rent was about €4.50.
Which businesses leased Sofia logistics space in Q2 2026?
Wholesale accounted for 41.0% of logistics take-up in Q2 2026, followed by retail at 21.3%, transport and logistics at 20.9%, and manufacturing at 16.5%. Three quarters of the space leased was pre-let in buildings still under construction.
What were prime office and logistics yields in Sofia in H1 2026?
Prime office and logistics yields in Sofia were both 7.5% in H1 2026. Completed property investment in that half-year was just under €188 million, all from Bulgarian buyers.
Sources
- Cushman & Wakefield Forton: Sofia office MarketBeat, Q2 2026
- Scaladi: Sofia’s office market, record new supply before year end (C&W Forton data)
- Cushman & Wakefield Forton: Sofia industrial MarketBeat, Q2 2026
- International Investment: Bulgaria’s property market enters a more mature phase (H1 2026)
- BTA: Sofia industrial and logistics space, H1 2026 (Colliers)
Figures checked 13 October 2026. Prepared by InvestBulgaria for general information. It is not investment, tax or legal advice; please confirm details with a qualified adviser before acting.
