Offices market specific
In the first semester of 2010, the offices buildings market will be dominated by the preference of surfaces and projects of small dimensions, as well as a growth of decentralization of the offices locations from the central and north area to peripheral ones.
It will be a year of mutal research and adaptation client-developer: the renegociation process of contracts will continue, pre-rental will be replaced by rental with predilection in finalized or in course of finalization projects.
The rental decision will be influenced, mostly by the additional services packages offered when renting and by the development intentions, relocating tenants or potential clients.
The economical crisis consequences
The office buildings market has not stopped growing all of a sudden as in the case of the rezidential constructions market. In 2009 the effects of the economical crisis have been felt, in this sector, with a one year delay-comparative with the rezidential constructions market-and have manifested through:
Office building market evolution
The economical and financial crisis has changed the development priorities and the investment intentions in 2009: 9 projects with a surface of about 200.000 sqm have been posteponed and stopped and for 12% of the project the release date still stands as an unknown:2010 or 2011.
