Lease lengths fall 2.7 years
Series: Estates Gazette ; (0045) 11 November 2000, 38(1)Publication details: 2000Subject(s): Summary: BPF/IPD tenant survey of 85,000 tenancies, reveals shorter leases are being signed across all sectors. The average lease length fell to 15.7 years in 1999-2000, 2.7 years shorter than in 1990-98. The office sector has seen the greatest reduction in lease duration, since 1990-92, by more than 8 years to 12.4 years.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3645-22 (Browse shelf(Opens below)) | 1 | Available | 109342-1001 |
BPF/IPD tenant survey of 85,000 tenancies, reveals shorter leases are being signed across all sectors. The average lease length fell to 15.7 years in 1999-2000, 2.7 years shorter than in 1990-98. The office sector has seen the greatest reduction in lease duration, since 1990-92, by more than 8 years to 12.4 years.