Temat: Wskaźnik powierzchni niewynajętej w Warszawie
Please excuse my intervention in English, but it will be quicker for me to reply, and I'm sure most of you will understand.
As a member of the research forum I can assure you that the figures are as accurate as anyone can produce as it involves surveying around 200 buildings (try doing that alone).
So, when we say that the vacancy rate is x%, you can be pretty sure that it is quite accurate, and not simply 'jego potwierdzeniem'.
Regarding new supply, in Mokotow, yes there are a lot of new buildings, and there is a huge amount of demand. My belief is that despite the large amount of space on the market, the landlords of quality buildings will be able to hold their rents firm, or even raise them slightly as competition from tenants is high.
In the city centre there is practically nothing to be completed until 2009, and even then what will be built will not be enough to satisfy demand.
Regarding the question itself (note that WRF makes no comments about rents and we don't discuss this issue amongst ourselves) - rents in the city centre have risen quite a lot during the last 18-24 months. Whilst you could have rented space in buildings like Metropolitan for around EUR 16 (effective) 2 years ago, you'll have difficulty finding anything below EUR 20 in any of the properties with space (Lumen, Rondo).
Anyone wanting around 300-500 sqm during the next 2 years will have to pay closer to EUR 30 if they are lucky enough to find [high quality] offices in the heart of the city centre.
Also note that Warsaw Trade Tower IS IN the CBD according to our zones. It is in the 2nd central zone which is City Centre Fringe (as opposed to City Centre Core).
Also to say that we are paid on rent-based fees and therefore have an incentive to talk the market and rent levels up is not exactly fair. Apart from the fact that tenant representative agents can be paid based on savings achieved during negotiations, I must point out that we work with international blue-chip companies which generally lease space in THE most modern buildings, i.e. Lumen, Rondo City, Saski Crescent, Trinity Park.
It is this type of building which is the yardstick against which the Warsaw market is compared to other cities, and when we talk about rents and make forecasts we are referring to this type of property and not B/C+ stock.