000			01240cab a2200193 4500
001			##L132783
008			060308n2006 000 0 eng u
035			_a(Sirsi) u132783
041	0		_aeng
100	1		_aMarx, Simon
245	0	0	_aGlasgow offices _bsupply shortage may hinder recovery
260			_c2006
490		0	_aProperty Forecast _v9(2) February 2006, 15-16(2)
520			_aA 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.
590			_aIKA140306
650	2	4	_aGLASGOW
690			_aPROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY
942			_n0
999			_c76629 _d76629