| With equity players and sources of debt finance targeting the same prime office buildings and lower-risk lending, normal speculative development completion patterns are not likely to return to Europe for the next five years, according to the latest research from Jones Lang LaSalle.
This will starve many core European markets of good-quality office space and exacerbate value polarisation between grades of stock. This is not just the case for major office hubs such as London and Paris, but also other key cities across Europe. For example, Warsaw and Lyon are forecast to see overall vacancy levels drop below 6% by 2016, with prime CBD supply much lower...............................................Full Article: Source
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