Abrupt downturn in retail occupier activity
Abrupt downturn in retail occupier activity
- 2003
- RICS Press Release (pr028) 15 April 2003 (2) .
"RICS commercial property survey England and Wales - first quarter 2003" reports that retail occupier activity declined sharply in the first part of 2003 with new occupier enquiries flattening out, floorspace availability rising at the fastest rate in three and a half years and landlords having to offer greater incentive packages to secure tenants. Business property demand was depressed in this quarter by the Iraq factor - 16% of surveyors reported a drop. The office market remained the weakest sector with 42% of surveyors recording a fall in sales and lettings in Central London with a visible slowdown in other areas across the UK. The survey is available at http://www.rics.org/resources/economic_analysis/commercial_market_survey.html. http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=899&faculty=RICS
OCCUPIER DEMAND
INCENTIVE DEALS
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
ENGLAND
WALES
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
RICS COMMERCIAL MARKET SURVEY ENGLAND AND WALES
MARKET SURVEYS
"RICS commercial property survey England and Wales - first quarter 2003" reports that retail occupier activity declined sharply in the first part of 2003 with new occupier enquiries flattening out, floorspace availability rising at the fastest rate in three and a half years and landlords having to offer greater incentive packages to secure tenants. Business property demand was depressed in this quarter by the Iraq factor - 16% of surveyors reported a drop. The office market remained the weakest sector with 42% of surveyors recording a fall in sales and lettings in Central London with a visible slowdown in other areas across the UK. The survey is available at http://www.rics.org/resources/economic_analysis/commercial_market_survey.html. http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=899&faculty=RICS
OCCUPIER DEMAND
INCENTIVE DEALS
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
ENGLAND
WALES
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
RICS COMMERCIAL MARKET SURVEY ENGLAND AND WALES
MARKET SURVEYS