A boom seems just around the corner

Agnieszka Majewska of Cushman & Wakefield Healey & Baker claims that this year's prognosis seems optimistic, with animation on the office market evident since January. Firms which contracted in the period of increased demand between 1997 and 1999 are presently looking for higher standard space at a lower price, through renegotiation or relocation. Small and medium Polish and foreign firms presently appearing on the market are also on the lookout for office space. Several experts operating on the Warsaw market point out, however, that a certain animation was visible already in 2003. In her report for Knight Frank, Aleksandra Baciarelli writes: "Visible animation was noted in the second half of the year reflected by an increased number of property presentations". Regretfully this did not translate into the amount of rented square metres, with KF final data stating that its new tenants last year found 105,000 sqm space which is 13 percent less than in 2002. Tenant