A rapid reversal of fortune

Article Abstract:

The commercial and industrial property market in Slough, England, is succeeding in beating its oversupply problem and has recently let its last two blocks of new, self-contained space. There is only 14,000 sq ft of new office space left in the town centre. Some 123,000 sq ft of office space has been let so far in 1995 and a further 76,000 sq ft is under offer. The plethora of deals has resulted in hardening rent terms, some of which have increased by 18%. Consequently, there is renewed interest in the refurbished and second-hand market.

Supply and demand, Suburbs, Berkshire, England

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Cost increases are inevitable

Article Abstract:

There are signs that office development work in the UK is starting to revive, and this in turn is likely to push up building costs, which have been kept low over recent years by the recession. Contractors are now not necessarily interest in jobs on which they will make a loss. The main area of difficulty could be building materials, where prices could rise considerably as some materials become in short supply.

Construction industry, Economic aspects

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Overlooked and underrated?

Article Abstract:

The office property market in North Wales is overshadowed by activity in Chester. When the A55 expressway is completed, companies might prefer to serve North Wales from offices in Chester. However, Liberty Properties is marketing the last 13 acres of land at the Wrexham Technology Park. The park covers a total of 50 acres.

Market share, Wales, Business parks

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