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Developers must bend to tenants' demands

By: Series: Estates Gazette ; (0245) 9 November 2002, 57(1)Publication details: 2002Subject(s): Summary: Examines the weakening rental market in London and the need for developers to act more flexibly. Comments that many names in the industry have found themselves with overcapacity where space formerly earmarked for growth is now a drain on resources. Argues that new areas of interest available to management services will be a growing area of interest such as attention to the margins and energy efficiency. Predicts further difficult times ahead for the market with certain social costs in the UK rising and exclusion from the Eurozone affecting inward investment.

Examines the weakening rental market in London and the need for developers to act more flexibly. Comments that many names in the industry have found themselves with overcapacity where space formerly earmarked for growth is now a drain on resources. Argues that new areas of interest available to management services will be a growing area of interest such as attention to the margins and energy efficiency. Predicts further difficult times ahead for the market with certain social costs in the UK rising and exclusion from the Eurozone affecting inward investment.