Stronger demand for office space in Central and Eastern Europe (CEE) in the second half of 2009 compared to H1 2009 cushioned the full-year decline in the region, according to new research by CB Richard Ellis (CBRE). H2 2009 office take-up increased by 22% as compared to H1 2009, but total 2009 take-up fell by 33% compared to 2008’s record level. Downward pressure on prime rents eased across the majority of CEE markets in H2 2009, despite the fact that market fundamentals remain challenging in several markets.
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