Rents on a roll

Colliers released their Polish Real Estate Market Report in February and predict falling vacancies in Warsaw\'s modern office stock and large increases in prices by 2009According to Colliers, in 2005 the Warsaw office market continued the recovery that began in the second half of 2004. Take-up of office space in Q1 of 2005 set a new record of 108,773 sqm, while the total for the whole year exceeded 300,000 sqm.In recent years, the suburbs have out-performed the CBD (Central Business District) in terms of take-up, as lower rents and fewer traffic problems have been the main factors drawing in tenants. As a result, the vacancy rate for modern office stock in the Warsaw suburbs now stands at 5.5 pct, compared to 12.2 pct for the CBD (although considerably down from the 19 pct recorded at the end of 2004). A notable feature of the increase in demand for office space in the capital is that a shift has occurred away from the suburbs of Warsaw and back to the central district. Throughout Wars