Market analysis London office database issue 4 Oct-Dec 2006
Language: English Series: Estates Gazette ; (0704) 27 January 2007, (20)Publication details: 2007Subject(s): Summary: Despite a disappointing start to 2006 that was slow across all markets, it was a successful year for the London commercial property market, with take up approximately 300 000 sq m higher than 2005. Supply has continued to deplete through the year and now stands at its lowest level since the start of 2002. It has been the financial occupiers that have been responsible for most letting activity in 2006 and there has been no slowdown in the investment market. Availability rates will be pushed upwards due to the predicted drop in employment levels in 2008 and there will be a negative impact on rents as companies begin to place their suplus space onto the market at a time when demand is decreasing. Looking forward to 2007 however, the outlook is much more positive.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L136485 (Browse shelf(Opens below)) | 1 | Available | 136485-1001 |
Despite a disappointing start to 2006 that was slow across all markets, it was a successful year for the London commercial property market, with take up approximately 300 000 sq m higher than 2005. Supply has continued to deplete through the year and now stands at its lowest level since the start of 2002. It has been the financial occupiers that have been responsible for most letting activity in 2006 and there has been no slowdown in the investment market. Availability rates will be pushed upwards due to the predicted drop in employment levels in 2008 and there will be a negative impact on rents as companies begin to place their suplus space onto the market at a time when demand is decreasing. Looking forward to 2007 however, the outlook is much more positive.