One in six square metres of Warsaw's office stock still doesn't have a tenant
and developers are doing all they can to fill their premises. Eurobuild
discovers exactly how much they are prepared to do for their rent-paying clients
According to Elwira Zielska, an analyst at Jones Lang LaSalle, most
developers try to attract tenants in a very conventional way. The traditional
incentives are rent-free periods, financial support with moves and new space
arrangements. Though a number of developers are trying to compete by lowering
rents, some of them choose higher rents which they justify with the excellent
standard and location of their buildings. Marcin Gudz, a King Sturge analyst,
adds that sometimes developers are not able to lower their rents, because they
are restricted by the banks which loaned them money to construct their buildings.
"The Platan Group have acted unconventionally by creating a facility called
the Office-Conference Centre at Centrum Millenium," s