Office rents at lowest rate for a decade
Office rents at lowest rate for a decade
- 2003
- Estates Gazette (0329) 19 July 2003, 33(1) .
Office rents fell at their fastest rate for ten years in the second quarter of 2003, dropping by 7.5% over the quarter, according to the latest Jones Lang LaSalle (JLL) UK property index figures. Annual returns for the same quarter, at 3.3%, were also at their lowest level for 10 years, claims JLL. However, the report predicted that office rental growth would improve in 2005, although with regional variations. http://www.joneslanglasalle.co.uk
OFFICE RENTS
JONES LANG LASALLE
RESEARCH REPORTS
INDEXES
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
DOWNTURN
Office rents fell at their fastest rate for ten years in the second quarter of 2003, dropping by 7.5% over the quarter, according to the latest Jones Lang LaSalle (JLL) UK property index figures. Annual returns for the same quarter, at 3.3%, were also at their lowest level for 10 years, claims JLL. However, the report predicted that office rental growth would improve in 2005, although with regional variations. http://www.joneslanglasalle.co.uk
OFFICE RENTS
JONES LANG LASALLE
RESEARCH REPORTS
INDEXES
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
DOWNTURN