Bulgaria (represented by its capital city Sofia) ranks 51st in the world in Cushman and Wakefield's chart of the world's cities with most expensive class A office space rents. Last year Sofia was 45th .
With the average annual rent in the city running at about 228 euros/sq m or 19 euros/sq m a month, Sofia ranked between Colombia's capital Bogotá and the Philippines' Manila.
Serbia's capital is debuting at number 47 in the chart with 258 euros per m2 a year or 21.5 euros per m2/month.
Despite falling one spot, Romania's capital Bucharest also comes before Bulgaria – at number 35 with an average of 346 eur/m2 a year and 28.83 euros/m2 a month.
Turkey saw the biggest rent hike last year. In Istanbul rent of class A office space rose 94% as a result of increased demand from foreign investors.
The average annual rent there stood at 359 eur/m2, or 30 eur/m2 per month.
Besides Moscow, which traditionally is one of the top 10 countries with most expensive rents, another CEE country – Ukraine also ranked high in the list. The average rent in the capital Kiev stood at 572 eur/m2 or 47.7 eur/m2.
The country debuted at number 16 after rents gained some 20% last year.
Poland climbs five spots to number 22 with an annual rent of 508 eur/m2 (42.3 eur/n2 per month).
As a whole rents in the leading European cities grew 11% in 2007. The hike in the countries in Central and Eastern Europe came to 19%. The slowest increases among the latter were recorded in the Czech Republic and Hungary – 3%.
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