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M. ŽEmaitis. The Problem of the Vilnius Office Market Is Not Empty Buildings - Verslo žInios
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When the vacancy rate for Class A offices in Vilnius hits double digits or exceeds it, the first focus is on lower rents as a way to fill the empty spaces. However, empty offices are not the main problem of the market, but its consequence. The real challenge is too many easily replaceable buildings and too few assets capable of maintaining reliable tenants, stable income and investor demand for a long time. This is also a problem for the city it…
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