Happy days are here again?

This year should see a revival on the office market, but for developers this does not mean a re turn to  the  days of plenty. However, demand is growing from one very specific type of tenant  Mladen Petrov Nobody expected the office market to pick up in 2009, the year when tenants crossed the word ‘expansion’ out of their dictionaries and replaced it with ‘contract renegotiation’. Their pessimistic mood was reflected in the market data for the first nine months of the year, when the numbers related to demand and rent fell dramatically for each successive quarter compared to those of 2008 (a year now described by analysts as “crazy”).At the end of 2009, 7.3 pct of office space in Warsaw was vacant, which meant a growth of 5 pct over the year. In spite of this, old hands in the business are not characterizing the previous year as a cat