Could do better

A lot of vacant space, only the odd modest deal and few new office buildings: that's the generally gloomy picture of the office market in Poland's provincial cities, and according to agents, there's not much hope of an imminent improvement Tri-city Prices going down, vacancy going up Anna Grzywaczewska Ober-Haus Real Estate Company One notable development is that in each of the three cities there are an increasing number of small multi-functional properties, which often contain office space. There's around 58,000 sqm of modern office stock in Gdynia, the best of which is in the 13,300 sqm Alfa Plaza Business Centre and the 9,300 sqm Hossa, as well as the slightly older Baltic Business Centre with 14,000 sqm and Chipolbrok - Investment with 4,900 sqm, both of which are also of a very high standard. Vacancy levels in these buildings are relatively low and vary from 5 to 10 per cent, and rents range from USD 10-16 per sqm, plus a