[size=85:3muapmxo]Sofia echo

Rent prices of retail space in Sofia drop

Huge trade centres of the mall-type proved to be a fierce competition to shopping streets in Sofia. Rental price went down and currently the price per square meter of retail space in one of the busiest shopping streets in Sofia varies between 35 and 60 Euro. The rental price in malls is between 7 and 35 Euro per square meter. The prices in these shopping centres remain stable. The big number of newly opened shopping centres also prevents the price from rising. Malls offer good conditions to shop owners and customers but world brands continue to count on shopping streets. Both locations are important for major brands because of prestige. Old shopping streets in down town Sofia attract a number of fashion brands and many luxury shops can be seen there. The new luxury shops for chocolates and books have also gained popularity. Statistics show that businessmen prefer to rent smaller spaces but which meet all necessary conditions. The total area of retail space in the malls in Sofia is 200,000 sq.meters. In the whole of Bulgaria with a population of 7 million people, the number reaches the staggering 500,000 square meters. Nevertheless, famous brands will continue to be present in the old shopping streets, while experts say competition is good for the business.

Thanks Admin,

This is great information and very helpful as we are looking to open a shop in Sofia soon!!!