DTZ: Prague office market 28% overvalued

Affordability of rents in the Central and Eastern European cities of Warsaw, Prague and Budapest remains a concern, according to the Office Affordability Index published this week by adviser DTZ. Despite relatively moderate rental levels these locations are amongst Europe’s least affordable cities in terms of office space. Slowing economic growth will lead to deteriorating accessibility of modern office facilities for many local occupiers, thus limiting market growth potential, the report said.

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