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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
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