Rental values for London office space will continue to decline into 2003 as occupancy levels in the ...
Rental values for London office space will continue to decline into 2003 as occupancy levels in the City exceed 10% by the end of the third quarter. That is the view of Alan Carter, property analyst at SchroderSalomonSmithBarney, who added this could lead to a total decline of 30% over the 18 months to the end of 2002. There is far less speculative building than there was in the build-up to 1991 indicating that vacancy rates in the City will not hit the then highs of 22%.
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