Happy days are here again?

Several experts \'Eurobuild\' spoke to seem to agree that the Warsaw office market has finally turned the corner, and that the general trend is for rents to rise over the next few years. In February, Hadley Dean, managing partner of Colliers International, was particularly optimistic about the Central Business District in 2007, predicting rocketing rents Hadley Dean, managing partner, Colliers International:Now the market has turned - in Mokotów, rents are EUR 1 up. We\'ve had strong take up, but in 2005 net absorption went through the roof. In the Central Business District (CBD) it was up to 86,000 sqm and in the suburbs it reached 102,000 sqm. There is a very positive net absorption rate at the moment. It will be app. 95,000 sqm in 2006 in the CBD, and is likely to increase around 5 pct during 2006-2007, as the Polish economy expands. In 2004, the question on the lips of tenants tended to be: "how to cut costs?"; now the question being asked is "how can we expand?&quo