London developers get cold feet
London developers get cold feet
- 2003
- Estates Gazette (0337) 13 September 2003, 34(1) .
The latest half-yearly survey of developers' intentions by DTZ shows that the lack of tenant demand has forced central London developers to reduce speculative development by 33% from six months ago. This is the fourth consecutive survey to record a drop and is greater than the previous six months' 15%. The survey examined 155 office schemes over 25 000sq ft with a total of 36.4m sq ft across central London, the fringes and Docklands which have planning permission but are not yet under construction. DTZ website http://www.dtzresearch.com/. Table.
LONDON
SPECULATIVE DEVELOPMENT
OFFICE SPACE
OFFICE DEVELOPMENT
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
The latest half-yearly survey of developers' intentions by DTZ shows that the lack of tenant demand has forced central London developers to reduce speculative development by 33% from six months ago. This is the fourth consecutive survey to record a drop and is greater than the previous six months' 15%. The survey examined 155 office schemes over 25 000sq ft with a total of 36.4m sq ft across central London, the fringes and Docklands which have planning permission but are not yet under construction. DTZ website http://www.dtzresearch.com/. Table.
LONDON
SPECULATIVE DEVELOPMENT
OFFICE SPACE
OFFICE DEVELOPMENT
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET