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Tougher trading conditions in sight

Series: Yorkshire Post ; 26 October 2000, 20(1)Publication details: 2000Subject(s): Summary: According to the latest review of the economy and property markets by the RICS, tenant demand for commercial property looks set to slow. Although there have been large rental increases in London and the South East, this is likely to be an upward correction for those retailers who have paid below-market rents after benefiting from the rental deflation of the early Nineties and the outlook for rental growth is a further slowing down into 2001.

According to the latest review of the economy and property markets by the RICS, tenant demand for commercial property looks set to slow. Although there have been large rental increases in London and the South East, this is likely to be an upward correction for those retailers who have paid below-market rents after benefiting from the rental deflation of the early Nineties and the outlook for rental growth is a further slowing down into 2001.