UK Industrial market survey [electronic resource] an overview March 2009
UK Industrial market survey an overview March 2009 [electronic resource]
- London NB Real Estate 2009
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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United Kingdom--
333.33 $2 18
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.
Advanced
United Kingdom--
333.33 $2 18