Warsaw's office market achieved 59% rental growth last year, according to new research from brokerage firm Savills. While London, Paris and Dublin remained the most expensive office rental markets in Europe, Warsaw and Berlin boasted the most significant growth, the survey shows. Rental markets remain resilient, with an average 8.3% vacancy, Savills said.
Warsaw's office market achieved 59% rental growth last year, according to new research from brokerage firm Savills. While London, Paris and Dublin remained the most expensive office rental markets in Europe, Warsaw and Berlin boasted the most significant growth, the survey shows. Rental markets remain resilient, with an average 8.3% vacancy, Savills said.
It puts the resilience down to a combination of strong occupier demand and a lack of new development, caused by tighter lending policies. 'Overall, occupier demand remained unchanged at the end of last year, in spite of the turmoil on the financial markets,' said Lydia Brissy of Savills' European research team.
