Avison Young | Bulgaria

🌟 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗚𝗹𝗼𝘀𝘀𝗮𝗿𝘆! 🌟 In this series, we’re breaking down key commercial real estate concepts with clear explanations and practical examples to expand your knowledge. Today’s Term: 𝗕𝗢𝗠𝗔 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀 📏🏢 🔍 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝗕𝗢𝗠𝗔 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀? BOMA (Building Owners and Managers Association) Standards are internationally recognized guidelines for measuring commercial building space consistently and accurately. These standards help ensure transparency in leasing agreements and provide a uniform way to calculate rentable areas. 📋 𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀 𝗔𝗯𝗼𝘂𝘁 𝗕𝗢𝗠𝗔 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀: • Provide a standardized method for measuring office, retail, and industrial spaces. • Help landlords and tenants understand the exact area they are leasing. • Influence rental costs by defining usable area, rentable area, and common area allocations. • Ensure fair comparisons between different properties. 💡 𝗘𝘅𝗮𝗺𝗽𝗹𝗲 𝗶𝗻 𝗔𝗰𝘁𝗶𝗼𝗻: A company is considering leasing an office in a multi-tenant building. Using BOMA standards, the landlord calculates the usable office space and includes a proportionate share of common areas like hallways and lobbies to determine the total rentable area. This ensures clarity for both parties and prevents misunderstandings about how much space is actually being leased. 🔎 𝗪𝗵𝘆 𝗜𝘁 𝗠𝗮𝘁𝘁𝗲𝗿𝘀: BOMA Standards bring transparency, consistency, and fairness to commercial leasing, helping both landlords and tenants make informed decisions. 🎯 𝗣𝗿𝗼 𝗧𝗶𝗽 Before signing a lease, always check which Standard is used for measurement—it can significantly impact your rentable area calculations! 📊 📌 Stay tuned for more insights in the Real Estate Glossary series to enhance your knowledge of commercial real estate! #RealEstateGlossary #CommercialRealEstate #BOMAStandards #OfficeSpace #PropertyMeasurement #LeasingTips

𝗦𝗼𝗳𝗶𝗮 𝗢𝗳𝗳𝗶𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁: 𝗛𝟮 𝟮𝟬𝟮𝟰 – 𝗤𝘂𝗶𝗰𝗸 𝗦𝘁𝗮𝘁𝘀 𝗩𝗶𝗱𝗲𝗼 🎥🏢 We’re excited to share our Quick Stats video for the upcoming Sofia Office Market Report for H2 2024! This short overview highlights the essential insights you need to know:   🔹 𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄 📉 𝗩𝗮𝗰𝗮𝗻𝗰𝘆 𝗥𝗮𝘁𝗲𝘀 𝗧𝗿𝗲𝗻𝗱𝘀 📈 𝗥𝗲𝗻𝘁𝗮𝗹 𝗣𝗿𝗶𝗰𝗲 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 🏗️ 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀   💡 Stay tuned for the full report release, where we dive deeper into the data and analysis to help you make informed decisions. 📺 Watch the video below and get a quick snapshot of the market! 💬 Have questions or comments? Let’s start a conversation—share your thoughts below.   #RealEstate #OfficeMarket #Sofia #MarketInsights #CommercialRealEstate

🌟 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗚𝗹𝗼𝘀𝘀𝗮𝗿𝘆! 🌟 Have you ever wondered how the Add-on Factor impacts your commercial lease? Let’s break it down and simplify it for you! 🏢📊 This series will explore key commercial real estate terminology with clear explanations and practical examples to expand your knowledge. Today’s term: 𝗔𝗱𝗱-𝗼𝗻 𝗙𝗮𝗰𝘁𝗼𝗿 – a crucial concept for tenants and landlords alike. 🔍 𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗔𝗱𝗱-𝗼𝗻 𝗙𝗮𝗰𝘁𝗼𝗿? The Add-on Factor, also known as the load factor or rentable/usable (R/U) ratio, is a metric used to calculate the total rentable area of a commercial property that a tenant will be charged for, beyond just the usable square meters of their leased space. It accounts for the tenant's share of common areas such as: 🚪 Lobbies (tenant shares) 🚻 Restrooms (tenant shares) 🚶♂️ Hallways (tenant shares) 🛗 Elevator areas (tenant shares) It’s the ratio of the total gross floor area (GFA) to the net leasable area (NLA) that tenants can exclusively use. 𝗛𝗼𝘄 𝘁𝗼 𝗖𝗮𝗹𝗰𝘂𝗹𝗮𝘁𝗲 𝗜𝘁: 1️⃣ Add-on Factor = Rentable Area / Usable Area 2️⃣ Rentable Area = Usable Area x (1 + Add-on Factor) 𝗘𝘅𝗮𝗺𝗽𝗹𝗲: 𝗨𝘀𝗮𝗯𝗹𝗲 𝗔𝗿𝗲𝗮: The actual space the tenant occupies (e.g., 5,000 square meters) 𝗥𝗲𝗻𝘁𝗮𝗯𝗹𝗲 𝗔𝗿𝗲𝗮: The space including the tenant's share of common areas (e.g., 6,000 square meters) 𝗔𝗱𝗱-𝗼𝗻 𝗙𝗮𝗰𝘁𝗼𝗿: 6,000 / 5,000 = 1.2 or 20% 📌 A 20% Add-on Factor means that for every 100 square meters of usable space, the tenant is charged for 120 square meters of rentable space. This factor helps both landlords and tenants understand the total space they are paying for, including shared common areas. 💡 𝗣𝗿𝗼 𝗧𝗶𝗽: A lower Add-on Factor usually indicates a more efficient building layout, which provides better value for tenants and reduces costs. 𝗪𝗵𝘆 𝗜𝘁 𝗠𝗮𝘁𝘁𝗲𝗿𝘀: This calculation ensures fair cost-sharing for maintaining shared spaces and promotes transparency in commercial leasing. It’s an essential metric for both tenants and landlords when evaluating office spaces. 📌 𝗙𝗼𝗹𝗹𝗼𝘄 𝘁𝗵𝗲 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗚𝗹𝗼𝘀𝘀𝗮𝗿𝘆 𝘀𝗲𝗿𝗶𝗲𝘀 for more insights and practical tips to stay ahead in the industry! #RealEstateGlossary #CommercialRealEstate #RealEstateInsights #AddOnFactor #OfficeSpaces #PropertyKnowledge

Endings spark new beginnings! The clock is ticking, and 2024 is wrapping up with a bang! 🕒 We’re thrilled to see some clients’ office spaces taking shape, knowing we’ve helped them find the foundation for their future growth. As the finishing touches are added, we’re excited to share snapshots from the transformation process! We can’t wait to see the completed spaces and the positive impact they will have! #CorporateRealEstate #WorkplaceEvolution #OfficeTransformation #RealEstateExperts #FutureReady

🌟 Discover the Perfect Office Space for Your Business! 🌟   Are you searching for an inspiring workspace? This exceptional office space offers modern amenities, a productive environment, and access to a unique garden—a perfect place for relaxation or creative breaks.   Create the ideal balance between work and well-being for your team in a space designed to support your business growth.   📧 Subscribe to our newsletter or contact us today for more details!   #OfficeForRent #CommercialRealEstate #WorkspaceSolutions #OfficeSpace #BusinessGrowth

Where business meets convenience!   Discover how retail spaces within office buildings are transforming the work experience, enhancing both employee satisfaction and client engagement. This edition explores the benefits of mixed-use office environments, where businesses and amenities come together to create vibrant, productive spaces.   Don’t miss three exclusive leasing options for retail spaces in prime office locations.   #RetailSpaces #OfficeBuildings #MixedUseDevelopment #WorkplaceConvenience #EmployeeSatisfaction #CommercialRealEstate #OfficeSpaceForRent

- "In 2024, it looks like the market is moving into a recovery phase"; - "The underdeveloped market offers opportunities"; - "Providing the right space for people to meet, cooperate and create remain essential for companies." Anton Slavtchev - Managing Director of Avison Young | Bulgaria shares in Vagabond Bulgaria's English Magazine valuable insights about the present and future of Commercial property in Bulgaria.

Optimizing Your Workplace for a Diverse Workforce   Explore how to tailor your workplace to meet the needs of different generations and personalities. Discover strategies for creating spaces that inspire innovation, foster connection, and boost engagement.   #FutureOfWork #EmployeeEngagement #WorkplaceInnovation #InclusiveLeadership #GenerationalWorkforce #DynamicWorkplace #WorkCultureTransformation

Брилянтно обобщение на състоянието и еволюцията на офисния пазар приготвен и поднесен от Georgi Kumanov от Капитал, където задълбочените анализи и проучвания на Avison Young | Bulgaria, намират своето достойно място.

Ready to transform your workplace? In this edition, we explore the new employee archetypes driving change and how to tailor your workplace strategy to meet the needs of different generations and personalities. From creating spaces that inspire innovation to fostering connection and purpose, discover how to build a vibrant, inclusive work culture that boosts engagement and productivity. #FutureOfWork #EmployeeEngagement #WorkplaceInnovation #InclusiveLeadership #GenerationalWorkforce #WorkplaceSuccess #DynamicWorkplace #WorkCultureTransformation