Glasgow offices supply shortage may hinder recovery
Language: English Series: Property Forecast ; 9(2) February 2006, 15-16(2)Publication details: 2006Subject(s): Summary: A lack of supply is threatening Glasgow's office market. Although it peaked late in 2004, it is now hitting a downward spiral. This fall is due to the renewed demand for high-quality space; a trend that looks set to continue. The availability of grade-A space on the market is slowly wearing away and not being replaced at a quick enough rate. By 2007 and 2008 the market could find itself in a state of instability, leading to a strong upward pressure on rents. However, this weak performance is not predicted to continue into the future. The forecast reads that Glasgow's office investment market is set to outperform the retail and industrial sectors over the medium term, where returns will average 6.5% and 8.6% respectively.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L132783 (Browse shelf(Opens below)) | 1 | Available | 132783-1001 |
A lack of supply is threatening Glasgow's office market. Although it peaked late in 2004, it is now hitting a downward spiral. This fall is due to the renewed demand for high-quality space; a trend that looks set to continue. The availability of grade-A space on the market is slowly wearing away and not being replaced at a quick enough rate. By 2007 and 2008 the market could find itself in a state of instability, leading to a strong upward pressure on rents. However, this weak performance is not predicted to continue into the future. The forecast reads that Glasgow's office investment market is set to outperform the retail and industrial sectors over the medium term, where returns will average 6.5% and 8.6% respectively.