000			01260cam a2200217 4500
001			WB3920-04
008			030528n2003 000 0 eng u
035			_a(Sirsi) u122445
245			_aM25 office market deteriorates
260			_c2003
490			_aProperty Week _v68(20) 23 May 2003, 12(1)
520			_aKnight Frank 's research reveals a decline in the M25 office market in the first quarter 2003. Vacancy rates have risen sharply from 8% in thefourth quarter 2002 to 9% in the firstquarter 2003 with 40% rise in availability in the southeast quadrant in the same period. Although letting of new space reached its highest level in more than two years and volume of space under offer increased by 25% during the first quarter, new space under construction fell by almost 50%. Institutional investment activity was limited due to existing exposure and a fall in values. The survey is available at http://www.knightfrank.com/ref/reports/M25%20Q1%202003.pdf
590			_aWB
650			_aPROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
650			_aM25
650			_aLETTINGS MARKET
650			_aPROPERTY INVESTMENT
650			_aPRELETS
690			_aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY MARKET
942			_n0
999			_c72776 _d72776