The weather in Germany was gorgeous, but mood of the Germans was foul. Asked when the market might start recovering, the optimists were the ones hoping for the end of 2024. What a stark contrast with Central Europe(ans). Sure, new office supply has fallen off a cliff in Warsaw, and logistics construction is down 40% (to ‘just’ 2.1 million sqm). But Polish GDP is up 11% since 2020. The country just refuses to do recessions.
Meanwhile, the mood over at the attractive Czech stand was could hardly have been better -- under the circumstances. Sure, the development pipeline has . . .
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