One of the largest international property consultancies, King Sturge, released a report recently with their outlook on the Serbian property market. In the report, King Sturge states that 2010 saw a significant amount of new office space being added to market. However, occupier activity remained subdued, pushing up vacancy levels across Belgrade Serbia. Demand for prime logistics space continues to grow in and around Belgrade. However, the market remains relatively under developed, hampering growth in this sector. Once the economy picks up again, strong interest in the development of Serbia’s logistics schemes is expected. Whilst demand for retail space remains strong, the fierce competition for the best pitches has decreased somewhat 2009 – 2010. There is a growing focus away from high street retailing to quality in-town mall and retail park developments reports King Sturge.
Source balkans.com
