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Europe: Rising vacancy levels drive down office rents

Posted on 30 July 2009

From Propertyeu.info: Prime European office rents declined by 4.6% in the second quarter of 2009 compared with the previous three months and are now on average 15.4% lower than in Q2 2008, according to Jones Lang LaSalle’s Q2 2009 European Office Clock Report.
At the same time, the overall vacancy rate increased 80 basis points to 9.3%………Full Article: Source


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