A noticeable mismatch between official guidance values and prevailing market rates has begun to slow down leasing activity in major business clusters. In many prime commercial areas, the officially notified guidance values are either too high compared to actual market demand or too outdated to reflect current conditions, creating confusion among potential tenants and landlords. This disconnect complicates the negotiation process, as landlords often base their rental expectations on inflated or outdated valuations, while tenants, aware of the real market dynamics, hesitate to commit to higher lease agreements. The resulting uncertainty leads to longer negotiation cycles, delayed deal closures, and, in some cases, vacant commercial spaces despite healthy underlying demand.

The leasing slowdown is particularly evident in emerging business hubs where rapid changes in infrastructure and market sentiment have not been promptly captured in the government’s valuation frameworks. Tenants, especially startups and mid-sized firms, are increasingly cautious about locking in high rents when the official valuations seem misaligned with economic realities. In response, some landlords have started offering flexible lease terms, discounts, or additional incentives to bridge the gap and secure occupancies. However, the broader impact remains visible in slower absorption rates and a fragmented leasing environment where expectations between landlords and tenants often diverge.

Real estate experts emphasize that timely updates to guidance values, based on transparent market-linked assessments, are crucial to restoring confidence and fluidity in commercial leasing markets. Accurate guidance values not only facilitate fair rental negotiations but also help maintain a steady pace of business expansion within key urban clusters. Until a better alignment is achieved, business clusters may continue to experience subdued leasing momentum, affecting the overall growth prospects of commercial real estate markets in these areas.