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Rents of commercial centers in Bucharest, Prague and Warsaw to increase by 10% in 2009

de A.C.
Luni, 17 noiembrie 2008, 18:20 English | Business

Rents of commercial centers in the capitals of emerging democracies like Bucharest, Prague and Warsaw will increase by 10% next year but they will continue to decrease in developed countries in Western Europe, a European Retail Market 2009 study set up by King Surge reads.

The European Retail Market 2009 study reads that next year will register a recession year for the commercial spaces, especially for big economies: Great Britain, Germany, France, Spain and Italy, quoted by Romanian news agency NewsIn.

What is more, emerging economies in Bulgaria, the Czech Republic, Poland, Romania will witness a positive economic growth and the purchase power and modernization need will sustain the retail market. The study shows that rentees tend to become more picky when opting for a commercial space in favor of another.

Experts declared that,  starting 2009, investors need to create more value for properties owned, to select those locations that are strategically positioned and continue to pro-actively administer their portfolios.

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