Image from Google Jackets

M25 office market to bottom out at end of 2003

Series: Property Week ; 68(31) 8 August 2003, 6(1)Publication details: 2003Subject(s): Summary: Knight Frank's M25 offices report for the second quarter 2003 reveals a 9.3% vacancy rate, the highest since 1985 and predicts that this struggling market will bottom out at the end of 2003 with a 9.5% vacancy rate. Office availability rose by 3% in the past three months, while take-up fell by 18%. Initial yields have hardened to below 6%. The report is available at http://www.knightfrankglobal.com/wip/pdf/10335.pdf

Knight Frank's M25 offices report for the second quarter 2003 reveals a 9.3% vacancy rate, the highest since 1985 and predicts that this struggling market will bottom out at the end of 2003 with a 9.5% vacancy rate. Office availability rose by 3% in the past three months, while take-up fell by 18%. Initial yields have hardened to below 6%. The report is available at http://www.knightfrankglobal.com/wip/pdf/10335.pdf