[size=75:1vrq11an]Regal retail news 19 March 2010

Bulgaria is no longer among the 20 most expensive market in the industrial areas

C € 61.11 annual rental costs per square meter of industrial space in Sofia, Bulgaria ranks 31st place in this year's consultancy company Cushman & Wakefield of most expensive locations in the world.

Our country retreat with 11 positions since last year was 20th place. Ranking ranks 49 countries on the most expensive rental market in each of them as of Bulgaria it is the capital.

Rental levels in Bulgaria have registered a significant decline in 2009 from 23 percent, it is clear from the report of the company. As a result of global economic slowdown levels of demand from our tenants have decreased, many tenants have sought ways to streamline their available spaces.

Expectations of analysts on the Bulgarian market to stabilize later in 2010 with the improvement of trade in Europe.

The most expensive industrial location in the world remains legishte area around London Heathrow, followed by Tokyo and Hong Kong. Top 10 is completed by the Geneva, Oslo, Helsinki, Dublin, Paris, Stockholm and Sydney in that order.

Immediately before Bulgaria ranked Turkey and Greece in the 30th and 29th place respectively, with an annual rental costs per square foot industrial area in Istanbul are 62.79 euros, while in Athens - 66 euros. Neighboring Romania occupies 36th position as the most expensive rental market for industrial areas there is 57 euros in Bucharest.

Last in the ranking is in Jakarta Indonesia, where annual rental costs amounted to just over 32 euros / sq. m

I should think this is a reflection of the market world wide