Emerging Business Zones Sofia Emerging Business Zones Prepared for Building Innovation Forum 2017 - Offices

Sofia - Emerging Business Zones Sofia Tech Park business zone

Sofia - Emerging Business Zones Office pipeline in sqm (in design phase or under construction) Todor Aleksandrov Blvd 21 000 sqm Central Business Zone 35 000 sqm Sofia Square Zone mostly retail Sofia Tech Park Zone 55 000 sqm N.Vaptsarov Blvd 86 000 sqm /Paradise Center Capital Fort Zone 105 000 sqm Grand Kanyon Zone mostly retail Business Park Sofia 106 000 sqm zone

Sofia Office Market Overview 408 000 sqm offices in design phase or under construction only in the emerging office zones These areas represent 69% of total pipeline (595 000 sqm) projected for delivery by 2020 IT and BPO companies, main source of inquiries, slow down their expansion Prime rents stable at 13-13.5 EUR/sqm Regular annual take up between 130 000 and 140 000 sqm, with net absorption accounting for 50-70% from this volume Vacancy rate at 9.5%, forecasted to slightly increase

STANIMIRA PASHOVA Head of Office Space T +359 (2) 805 90 76 M +359 (884) 334 430 spashova@forton.bg