Commercial Market Commentary 2009 Q3 - Poland

Office space market
Office rents fell as much as 15% in Warsaw, and 8-10% in other cities, and vacancy jumped to 6%, as tenants downsized and even sublet their own space.

Building owners offer many incentives to the prospective tenants, such as 3-12 month rent-free periods, landlord sponsored fit-out, and other  rebates lowering effective rents.

Today is the best time for tenants who are renegotiating leases or are searching for space for rent.

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