EU office rents still falling
Series: Property Week ; 67(30) 2 August 2002, 14(1)Publication details: 2002Subject(s): Summary: Weak occupier demand and rising vacancy rates means that rents are continuing to plummet in European offices. The CB Hillier Parker EU office rent index showed a fall of 2% in Q2 2002 - the biggest quarterly drop since the end of 1996. This fall means that on average the index is now 5% than a year ago. The latest quarterly fall was driven by declining rents in Madrid and in most German cities. The UK and Netherlands were the only locations where rents increased in provincial cities. The CB Hillier Parker report is available to download http://www.cbhillierparker.com/pdf/research/EMEAofficesQ2_2002.pdf| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3829-09 (Browse shelf(Opens below)) | 1 | Available | 119228-1001 |
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Weak occupier demand and rising vacancy rates means that rents are continuing to plummet in European offices. The CB Hillier Parker EU office rent index showed a fall of 2% in Q2 2002 - the biggest quarterly drop since the end of 1996. This fall means that on average the index is now 5% than a year ago. The latest quarterly fall was driven by declining rents in Madrid and in most German cities. The UK and Netherlands were the only locations where rents increased in provincial cities. The CB Hillier Parker report is available to download http://www.cbhillierparker.com/pdf/research/EMEAofficesQ2_2002.pdf