Sofia’s industrial and logistic areas posted a nine per cent mark-up year-on-year in rental prices, which places Bulgarian capital among Europe’s 10 cities with fastest price growth, a recent survey by Cushman&Wakefield (C&W) international property consultants showed.

Currently, Bulgaria’s average annual rentals for industrial space stand at 73 euro a sq m, translating into six euro a sq m a month, which puts the country in 32nd place in the C&W global ranking, one slot down from the previous year’s standing, which could be attributed to the serious rental rise in a number of countries outside Europe.

Annual rental growth in Western Europe was 1.3 per cent, whereas the corresponding figure for Central and Eastern Europe (CEE) stood at seven per cent.