Free Space In Sofia Malls Decreases
The share of unoccupied stores in the Sofia shopping malls has dropped to 10.5% since the beginning of 2014, shows a survey of the company for business properties MBL.
At the same time the empty stores in the countryside malls have increased to 21%. According to the company experts, however, this is mainly due to the bad situations in several shopping centers in Plovdiv and Varna.
As a whole the total area of retail space in Bulgaria remains unchanged in Q1, but the forecasts are for an increase, thanks to the expected completion of Sofia Ring Mall, Mega Mall and Plaza West Mall, with a total area of 118 000 sq m.
- » Victoria Group VM 'to Acquire' Sofia's Five-Star Kempinski Hotel
- » Bulgaria's Dwelling Prices Record Slight Decrease in Q3 2014
- » Construction Production Index Down 1.6% in August
- » Real Estate Prices in Bulgaria See Slight Rise
- » Commercial Property Investment in Bulgaria Up 60% Y/Y in Jan-Sept
- » Sofia, Varna Property Prices Rise, Still Well Below Pre-Crisis Peaks