M25 office market deteriorates
M25 office market deteriorates
- 2003
- Property Week 68(20) 23 May 2003, 12(1) .
Knight Frank 's research reveals a decline in the M25 office market in the first quarter 2003. Vacancy rates have risen sharply from 8% in thefourth quarter 2002 to 9% in the firstquarter 2003 with 40% rise in availability in the southeast quadrant in the same period. Although letting of new space reached its highest level in more than two years and volume of space under offer increased by 25% during the first quarter, new space under construction fell by almost 50%. Institutional investment activity was limited due to existing exposure and a fall in values. The survey is available at http://www.knightfrank.com/ref/reports/M25%20Q1%202003.pdf
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
M25
LETTINGS MARKET
PROPERTY INVESTMENT
PRELETS
Knight Frank 's research reveals a decline in the M25 office market in the first quarter 2003. Vacancy rates have risen sharply from 8% in thefourth quarter 2002 to 9% in the firstquarter 2003 with 40% rise in availability in the southeast quadrant in the same period. Although letting of new space reached its highest level in more than two years and volume of space under offer increased by 25% during the first quarter, new space under construction fell by almost 50%. Institutional investment activity was limited due to existing exposure and a fall in values. The survey is available at http://www.knightfrank.com/ref/reports/M25%20Q1%202003.pdf
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
M25
LETTINGS MARKET
PROPERTY INVESTMENT
PRELETS