06.10.2008 - Lean times for European office markets, King Sturge
From Propertyeu.info: 'European office markets are experiencing their leanest period for five years,' according to King Sturge. Based on research in its latest office market report to be launched at Expo Real in Munich the property adviser found that 'initially, property investment bore the brunt of the crisis but our research shows evidence of weaker take-up and increasing supply, although prime rental growth is slowing rather than falling'. The report added that the turnaround over the last 12 months had been unexpectedly abrupt. This was due to the concentration of office demand in finance and business services, which made them more vulnerable to the impact of the crisis..... Full Article: Source