Each Bulgarian city with a population of more than 70-80 000 people either has a shopping mall or a project for the construction of such, said David Davidov from Colliers speaking at the BalREc conference currently taking place in Sofia.

This year some 103 000 sq. m of commercial space will be available on the market. The total area of new space will top 400 000 sq. m by 2010.

In the capital city Sofia there are some 75 600 sq. m of commercial space and no new projects will be completed this year. By comparison, 177 000 sqm will be added to the market in Bucharest and 15,200 sq. m in Belgrade.