| New office completions in major European markets could fall by over 30% in 2011 compared with 2010 and could decline further in 2012 as the low level of construction starts during the economic crisis feeds through, according to a new report by CB Richard Ellis (CBRE).
The credit crunch and ensuing economic crisis in 2008 had a major impact on office development activity, prompting many developers to downscale or delay planned projects..............................................Full Article: Source
|