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DTZ releases the findings of its 'Office Market Update: Provincial Cities in Poland H1 2007' report |
New research released by global real estate adviser DTZ reveals that
Poland's second-tier cities are starting to gain more importance in the
Polish office market.
DTZ's 'Office Market Update: Provincial Cities in Poland H1 2007'
report examines office supply, demand and rental levels in the Polish
cities of Kraków, Wrocůaw, Tricity, Katowice, Poznań and Ůódę.
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The key findings of the report include:
* Warsaw still dominates the Polish office market with a 71% share of the total modern office stock
* Vacancy rates across Polish provincial cities have fallen sharply from 15-20% in 2003-2004 to 1.1-5.5% at the end of H1 2007
* Excluding Warsaw, the most dynamic and mature office markets in
Poland include Kraków and Wrocław, followed by Tricity, Katowice,
Poznań and Ůódę
* Rents in Polish regional cities have increased and are competitive
compared to Warsaw, with prime headline rents ranging from €14 to €18
per sq m per month. |
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