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Increased demand for office space sees developers return to CEE markets

Posted on 11 August 2011

Central & Eastern Europe’s (CEE) office stock grew modestly during the first half (H1) of 2011, but development completions remain at the lowest level on record, according to the latest data from CB Richard Ellis (CBRE).
Despite a recent increase in development starts across CEE, relatively low levels of completions are expected over the next 12-18 months. Weak occupational fundamentals coupled with continued challenges in securing financing mean that developers have been reluctant to launch new projects……………………………………….Full Article: Source


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