EU office rents still falling
EU office rents still falling
- 2002
- Property Week 67(30) 2 August 2002, 14(1) .
Weak occupier demand and rising vacancy rates means that rents are continuing to plummet in European offices. The CB Hillier Parker EU office rent index showed a fall of 2% in Q2 2002 - the biggest quarterly drop since the end of 1996. This fall means that on average the index is now 5% than a year ago. The latest quarterly fall was driven by declining rents in Madrid and in most German cities. The UK and Netherlands were the only locations where rents increased in provincial cities. The CB Hillier Parker report is available to download http://www.cbhillierparker.com/pdf/research/EMEAofficesQ2_2002.pdf
EUROPE
OFFICE RENTS
OCCUPIER DEMAND
PROPERTY-COMMERCIAL PROPERTY
VACANCY RATES
Weak occupier demand and rising vacancy rates means that rents are continuing to plummet in European offices. The CB Hillier Parker EU office rent index showed a fall of 2% in Q2 2002 - the biggest quarterly drop since the end of 1996. This fall means that on average the index is now 5% than a year ago. The latest quarterly fall was driven by declining rents in Madrid and in most German cities. The UK and Netherlands were the only locations where rents increased in provincial cities. The CB Hillier Parker report is available to download http://www.cbhillierparker.com/pdf/research/EMEAofficesQ2_2002.pdf
EUROPE
OFFICE RENTS
OCCUPIER DEMAND
PROPERTY-COMMERCIAL PROPERTY
VACANCY RATES