Net demand, without relocations and renegotiations, covered 31,000 sqm, while the vacancy rate stood at 13.2%, it said.

“The third quarter will most likely increase the vacancy rate. We estimate a slight increase in transaction volumes, since several negotiations are nearing completion,” Colliers wrote in a report.

There were no new deliveries on the market in the second quarter, thus stocks stabilized at 917,000 sqm.