Retail Space Q3|2016

Retail Space Q3|2016

  • In Q3 2016 the vacancy rate for the capital was 18%, while for the secondary cities excluding Sofia the registered rate was 19%. This represented a significant increase in Sofia compared to the level of 12% for Q2 2016. 
  • The total supply of retail space in shopping centers remained stable in the third quarter of the year at the levels of 428,400 sq.m. in Sofia, and 760,000 sq.m. in the country. In September the first shopping mall in Sofia, City Center Sofia, was reintroduced under the name Park Center Sofia.
  • The dynamics on the retail market was kept by the big-box segment. Billa is now operating 107 units in the country and Lidl added two more units in Sofia, totalling 82 overall. The two retailers are the leaders on the market by total number of operating units. 
  • The number of Carrefour hypermarkets kept on reducing the number of operating units.
  • The Retail Sales Index measured by the National Statistical Institute increased by 5.4% y-o-y as of August 2016. The breakdown by economic activities shows that the retail sales in specialized stores with food, beverages and tobacco is the best performing category on an yearly basis (+14%).

For further market highlights review MBL Retail Spaces Bulgaria Q3|2016:

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.