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Sofia logistics take-up doubles to 185,000 sq m as 262,000 sq m of warehouse space is under construction

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Steel frame of a large warehouse under construction with a crane and building materials on site Construction
Steel frame of a large warehouse under construction with a crane and building materials on site

Cushman & Wakefield Forton says vacancy is just 0.58%; 11 new projects totalling 44,000 sq m started in the third quarter and about two-thirds of the space in progress should be finished within a year.

Sofia's logistics and industrial property market grew strongly in the first nine months of 2026, according to a third-quarter analysis by the consultancy Cushman & Wakefield Forton, reported by BTA on 5 November. The total volume of space leased, purchased or built for owner occupation reached 185,000 sq m, an increase of 108% on the same period of 2025.

Construction activity is high. At the end of September, nearly 262,000 sq m of logistics and industrial space was under construction in and around Sofia. Work began on 11 new projects with a combined area of 44,000 sq m during the third quarter, and the company estimates that about two-thirds of the space under construction will be completed within the next 12 months.

In July to September, 30,481 sq m of new space, mostly warehouses, was completed in three projects, the highest quarterly volume in five quarters. Despite this, vacant space did not rise. It stood at 14,139 sq m, or 0.58% of the total stock.

Gross take-up in the third quarter was 64,393 sq m, up 63% year on year but 11% lower than in the previous quarter. Of this, 33,912 sq m was leased and 30,481 sq m was newly completed space for owner occupation. Wholesale companies took the largest share, 42% or more than 27,000 sq m, followed by transport and logistics firms with 23%, retailers with 9% and manufacturers with 5%. Relocations accounted for 15,763 sq m of leasing, renewals for 10,500 sq m and expansions for 7,649 sq m.

The total stock of logistics and industrial property in Sofia and the surrounding area reached about 2.44 million sq m, including 1.61 million sq m for owner occupation and 822,000 sq m for lease.

Asking rents for prime Class A logistics buildings larger than 10,000 sq m reached €6 per sq m a month. In Ravno Pole, rents ranged from €5.50 to €5.80, and in Bozhurishte from €5 to €5.50.

Sources