Industrial Land
The rent of industrial plots of land in Sofia have increased by 8% or by 0,5 Euros (1 lv) per sq m in 2008 in comparison with 2007. The average rent of industrial land in the country is 6.5 Euros per square metres. This is by 1 Euros more expensive than the neighbouring countries. The reason for this situation is that more and more companies have been looking for industrial land while there have not been many plots on offer.
This year the tendency outlined by the recession is owners first to find tenants and only then to start turning their land into an industrial one. Estate agents expect that the demand for industrial land will not be affected by the recession, as it is expected that more companies will relocate from Western into Eastern Europe.
Related posts:
Category: Bulgaria, Property | Tags: Bulgarian industrial property, companies, Eastern Europe, industrial land, industry, land, owner, recession, rent, renting, Sofia, tenant, tendency, Western Europe Comment »