Wednesday, January 2, 2008

Leading from the Front – A commertial Property Recession

Office rents could plummet as demand slumps

So the Banks are going to lead the way. If there is less need for the banks to have offices, presumably there is unemployment on the way, then a general tightening of belts in the residential market will follow. But hey this is only the City, where they pay way over the odds for rental space in all areas anyway. So perhaps it a general levelling out of London prices ...

Posted by fahrenheit451 @ 11:15 AM (344 views)
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