International Standards With a Local Touch.Main offices:Warsaw: +48 22 528 54 54Tallinn: +372 665 97 00Riga: +371 6 728 45 44Vilnius: +370 5 210 97 00We are also in:Gdańsk, Poznań, Kraków,Katowice, Łódź, Tartu, Pärnu,Jõhvi, Narva, Liepāja, Venstpils,Jelgava, Valmiera, Druskininkai,Kaunas, Klaipėda, Palanga,Šiauliai, Panevėžys.<strong>Ober</strong>-<strong>Haus</strong> is the largest real estate agency operating across theBaltic and Central European region including <strong>Poland</strong>, Estonia,Latvia and Lithuania. Since 1994 we provide to our clientsthe highest quality and the most complete property servicesincluding:• Flats and houses for rent and sale• Offices and retail spaces for rent and sale• Property management services• Investors advisory• Property valuationBased on our international experience and knowledge about localmarket specifics we help our clients make the right choices.www.ober-haus.comIt’s so much easier with <strong>Ober</strong>-<strong>Haus</strong>!R E A L E S T A T E A D V I S O R S<strong>Poland</strong> | Estonia | Latvia | Lithuania | www.ober-haus.com
<strong>Real</strong> <strong>Estate</strong> <strong>Market</strong> <strong>Report</strong>s <strong>2010</strong> - Warsawwww.ober-haus.comWarsawPoznańGdańskPOLANDWarsawŁódźKatowiceKrakówOfficeRents Soften As Supply Outpaces DemandSupplyWarsaw is the biggest office market in <strong>Poland</strong>. In 2009, 280,000sqm were added to the Warsaw office market, the completionof projects started before the downturn. Some companiesintroduced saving programs and reduced their office space,creating additional 60,000 sqm supply of office space forsublease. At present, the total supply of office space in Warsawis 3,240,000 sqm. The vacancy rate is 9%. Anticipated amountof new modern office space in <strong>2010</strong> is 160,000 sqm. The mostpopular Warsaw office locations are the City Centre, Mokotów,and Ochota.Polish EconomyGDP growth in 2009 was 1.7%, which is very good scorehaving in mind worldwide economic slowdown. Furthermoreaccording to OECD polish economy will grow in <strong>2010</strong> by 2.5%.Inflation on the beginning of <strong>2010</strong> equals to 3.5% which is notthat optimistic knowing that realistic average salary growth in2009 is only 2.1%.Starting November 2009 strengthening of polish currency isobserved - particularly to euro. Last year on the end of Februaryeuro costs 4.65 PLN and on the end of February <strong>2010</strong> it was only3.97 PLN with expectations of further strengthening of polishcurrency, which is degrading competitiveness of polish export.In February of <strong>2010</strong>, the NBP informed that foreign directinvestments in <strong>Poland</strong> was 8.38 billions EUR, what means 16%decrease in comparison to 2008. However OECD projects 2.3%growth of such investments in <strong>2010</strong> and even more than 10%in 2011.• Horizon Plaza, IVG Immobilien AG.Recent DevelopmentsTo lease space in these or other properties, call <strong>Ober</strong>-<strong>Haus</strong> on+48 22 528 54 54.Horizon Plaza - a development at the corner of Wołoskaand Domaniewska Street, comprising of two buildings: 6and 11-stories. Total space of the complex is 35,000 sqm. Thetenants are, among others: Pekao Bank Hipoteczny, WestLBBank Polska.Trinity Park III - office complex in the business part ofMokotów, at Domaniewska Street. Total area of the complex is32,000 sqm. There is a 3-storey car park (720 parking spaces)and service premises in the building. The tenants are, amongothers, MTV Networks Polska, Unilever, Kraft Foods.3
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