JLL’s office rental clock has been updated, and it’s remarkable for starters because all the cities are in the “rent falling” or “bottoming out” side. None are in the “rental growth” half of the clock. Warsaw’s nearest the tipping point into rental growth however despite displaying -21% rental growth at the moment. Moscow’s the next CEE capital along the scale (-50%!!) while Prague (-8%) still appears to have a way to go yet. Budapest and Bucharest haven’t progressed to the bottoming out phase yet.
Would be curious if anyone disagrees…Here’s the link.