Key data occupiers
Key data occupiers
- 2006
- EuroProperty February 2006, 51(1) .
Weak economies have resulted in cost-cutting in the European corporate property market, prompting relocations to cheaper office space in 2005. European economic growth fell to 1.6% from 2.3% in 2004. The growth was weakest in Italy and Germany and the strongest in Russia and Spain at 6% and 3.3% respectively. Nevertheless, last year was good for Europe's technical property market which saw a 27% rise in the third quarter.
Weak economies have resulted in cost-cutting in the European corporate property market, prompting relocations to cheaper office space in 2005. European economic growth fell to 1.6% from 2.3% in 2004. The growth was weakest in Italy and Germany and the strongest in Russia and Spain at 6% and 3.3% respectively. Nevertheless, last year was good for Europe's technical property market which saw a 27% rise in the third quarter.