| From Bizplus.ie: Property consultants CB Richard Ellis said that conditions in the Irish commercial property have continued to deteriorate in recent months against a backdrop of weakening economic indicators and financial market turmoil.
According to the October bi-monthly report from CB Richard Ellis, transactional activity is continuing in some areas of the property market with some occupiers finding it an opportune time to be concluding lease negotiations, considering the relative value on offer in the current climate. The property consultants added that some landlords have started to accept slightly lower headline quoting rents in addition to inducements such as rent-free periods and break options to secure lettings in their schemes. However, many occupiers are postponing expansion or re-location decisions until such time as economic conditions improve..... Full Article: Source
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