Q1 breaks supply record

The new development completions in this period increased by 96 percent in comparison to Q1 2005 and for the whole of 2006 they are are expected to significantly surpass 2005's levels. With 82,000 sqm the take-up in Q1 2006 proved to be weaker than in previous quarters. The total vacancy rate in Warsaw increased to 8.7 percent, the highest levels being recorded in the city center, where the figure reaches 17.3 percent. (Real Estate Newsletter)