Sofia Q3 Industrial Property Stock Up 1.6% Q/Q – Real Estate Consultancy

Sofia Q3 Industrial Property Stock Up 1.6% Q/Q – Real Estate Consultancy

Industrial space in Sofia in the third quarter of 2013 rose by 1.6% quarter-on-quarter to 780,000 square metres, while the vacancy rate decreased to 3.2%, a real estate consultancy said.
The Bulgarian market lacks speculative industrial and logistics space, Forton said in a quarterly report
The pipeline of industrial space for the third quarter amounted to 58,000 square metres.
Take-up in the third quarter totalled 14,000 square metres. Companies from various industries, including food, retail and machinery, opted for short-term solutions in secondary locations, according to the consultancy.
Prime industrial rents in Sofia stayed firm at 3.5 euro ($4.7) per square metre per month.
 
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