by Calculated Risk on 2/09/2009 08:31:00 AM
Monday, February 09, 2009
UK: Demand for Office Space Falls Sharply
From the Financial Times: Demand for office space falls at record pace
Demand for offices and shops has fallen at the fastest pace on record, spelling further trouble for commercial property landlords struggling to find tenants in worsening economic conditions."Demand falling at a record pace" ... Just another "record" being set, this time in CRE.
...
Most of the headline indicators of commercial property performance tracked by Rics fell to their lowest levels in the survey’s 11-year history in the fourth quarter, with particular pessimism in the retail sector where almost four-fifths of surveyors reported a fall in demand.