Poland registers new record with 2006 transaction volumes

Transaction volumes in Poland set a new record at around EUR 4.5 bn for 2006, the latest edition of the Warsaw City Report issued by global advisor Jones Lang La Salle said. Office vacancy reached an all time low of 5.4% whilst lagged construction activity is now booming in Non-Central districts. 'Strong demand for office space coupled with limited office completions in the recent years resulted in record decrease of vacancy in all Warsaw submarkets. At the moment we are observing increased rental levels especially in the most popular office locations such as the City Centre and Mokotów. Non-Central locations this year will be followed by significantly increased development activity', said Anna Kot, head of the Agency Leasing and Tenant Representation teams at Jones Lang LaSalle.

Premium subscriber content – please log in to read more or take a free trial.
Editor
Profile

Events

Latest news

Best read stories

About PropertyEU

Who are we? PropertyEU was established in 2006 as a truly pan-European information source for real estate professionals. We provide in-depth news, data and analysis of Europe's property markets at a time of increasing cross-border investment, development and financing across the continent and beyond.

Contact information

Office address

Prins Bernhardplein 173
1097 BL Amsterdam

Phone

General:
+31 (0)88 776 73 78

Our media channels

Top
© Copyright PropertyEU 2024.