A forced exchange of tenants
Rents might be falling, but on the other hand the value of the euro is growing, and it’s in this currency that rents are made out. while Developers are not so concerned about bankruptcies of retail chains, as There are still many others in the queue for their premisesEmil Górecki, Gergo Racz According to Cushman & Wakefield, the demand for retail space was stable in Q1 2009, despite a noticeable light downward trend. Looking at the highest rents, falls were registered in Warsaw (the difference between rates in Q4 2008 and those in Q1 2009 amounted to EUR 5 per month per sqm), in Wrocław, Gdańsk, Gdynia, Sopot, Poznań, (EUR 12 each) and Kraków (EUR 10). The analysts predict the trend to continue downwards in Warsaw, Poznań and Wrocław, while rents in the other cities should remain stable.The problems and the savioursA slump in consumption has yet to materialize. Shopping centres a
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