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Automotive industry remains driver of the industrial property market

The light industry companies and the manufacturers of automotive components are the main demand driver for industrial space in Bulgaria, shows the latest market overview of Colliers International. A joint research project of Colliers in Bulgaria and Automotive Cluster Bulgaria, conducted in the second half of 2016, showed that Bulgaria occupies the top position among 10 selected European countries that are attractive for the automotive industry. In the country, there are about 100 companies with over 33,000 employees, who produce components for almost every brand of the international automotive industry. They are located all over Bulgaria, with a higher concentration in the south area. The revenue generated by the segment in 2015 amounted t[…]