National office report 2010 first signs of occupational recovery in 2010 [electronic resource]
Language: English Series: Lambert Smith Hampton National Office Report ; 2010Publication details: [S.l.] Lambert Smith Hampton 2010Subject(s): LOC classification:- 332.6324 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 150352-2001 |
Activity in the UK office market has been significantly down over the past two years with a 2009 take-up of around 17m sq ft, 29% below the long-term average. Q1 2010 shows signs of recovery with 5.5m sq ft taken-up, led by the 3.4m sq ft contribution of the Central London market which is likely to continue dominating for a further year. The UK availability rate stands at 12.7%. Rental values will fall by 3% in 2010, grow weakly in 2011, continue recovering in 2012/13 and return to 2006/07 levels in 2014, again led by Central London.