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UK Industrial market survey an overview March 2009 [electronic resource]

By: Language: English Publication details: London NB Real Estate 2009Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Reports that property values in some industrial areas have fallen 30% in the last 12 months, with land prices especially hard hit. Expects these values to fall a further 10-20%. However, rents have not fallen proportionally in the same period, averaging a 5-10% reduction. Forecasts that 2009 will be a difficult year, but that there might be a return to stability in early 2010. Concludes that the market changes set off by the credit crisis and the empty ratings legislation are favouring tenants, especially when negotiating leases.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 147023-2001

Reports that property values in some industrial areas have fallen 30% in the last 12 months, with land prices especially hard hit. Expects these values to fall a further 10-20%. However, rents have not fallen proportionally in the same period, averaging a 5-10% reduction. Forecasts that 2009 will be a difficult year, but that there might be a return to stability in early 2010. Concludes that the market changes set off by the credit crisis and the empty ratings legislation are favouring tenants, especially when negotiating leases.