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Poland Faces Commercial-Property Glut, Central Bank Says

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Poland’s commercial property market faces “growing imbalances” as developers add new projects even as supply outstrips demand, the central bank said.

Commercial real-estate prices in the European Union’s biggest eastern economy continued to decline “slowly” in the third quarter, while the vacancy rate in rented office space has increased to almost 14 percent in Warsaw, the Polish central bank said in a report today.