Colliers | Retail Market Overview H1 2020

• The absorbed retail space for the period was just over 9,000 sqm. – 30% decrease compared to the second half of 2019.
• Vacancy levels in shopping centers increased slightly by 1% and reached a total of 7%.
• Rental levels registered decrease of: 10% for Vitosha blvd - 50 euro per sqm; 8% for shopping centers - 34 euro per sqm.

Retail Market Overview H1 2020

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Dimitrinka Rakovska

Manager Retail Services | Bulgaria

Sofia

+359 2 976 9976

+359 896 777 683

Dimitrinka has more than 11 years of experience in Colliers, specialized in retail real estate consultancy services. She has been having a key role in the Retail Services team, providing landlord representation services for major projects such as: Sofia Ring Mall (68,000 sqm GLA), The Mall (66,000 sqm GLA), Grand Mall Varna (50,000 sqm GLA), Burgas Plaza (27,000 sqm GLA), Mall Plovdiv (20,000 sqm GLA), Galleria Burgas (36,000 sqm GLA), Galleria Stara Zagora (20,700 sqm GLA), Jumbo Plaza (30,000 sqm GLA) and Retail Park Varna (15,000 sqm GLA).

Dimitrinka has worked closely with companies in various industries and developed long-term relationships with most of the retail operators on the Bulgarian and international market, such as H&M, Sport Vision, Benefit Systems, Orange, Esprit, Pierre Cardin, Humanic, Grand Optics, Andrews/, Lagardere, Adidas, Walltopia, Zora, Sephora, DSK bank, to mention a few.

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