"Light at the end of the tunnel?"
• Yield requirements continue to rise. Helsinki's Prime office yield rose from 5.5 per cent to 6.0 per cent. We believe there is no further room for any widening of the yield gap.
• The office vacancy rate in Helsinki Metropolitan Area continued to rise to 10.4 per cent. The rise of the vacancy rate in office premises is still led mainly by the new construction but the effects of problems in the real economy areseen in the occupier-market. We still believe that by the end of year 2009 the office vacancy rate in HMA will rise to 12 per cent.
• The transaction volume has remained at very low level. We believe that the total transaction volume of year 2009 will remain at low level.
• The office vacancy rate in the growth centres has remained moderate compared to HMA. The vacancy rate is below 8 per cent in all growth centres” (CS della Società).
