Demand remains firm in commercial property sector - RICS

The Occupier Sentiment Index remains marginally negative at -9, however occupier demand increased across each area of the commercial property market in Q1 2015, according to the report "Poland Commercial Property Monitor" compiled by Royal Institution of Chartered Surveyors (RICS). Growth in demand failed to keep pace with the increase in availability at the headline level, with space in the office sector once again rising steeply. Subsequently, rents are expected to fall materially in the office segment and marginally for retail space in the near term. By way of contrast, rents are projected to edge up in the industrial sector. The Investment Sentiment Index came in at +21 in Q1, marking the seventh quarter in succession in which a positive reading has been posted. The supply of property for sale grew marginally, although remained unchanged in the retail sector. A combined 92 percent of respondents believe current market valuations are either at or below fair value.