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Real estate industry

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Office survey results

Article Abstract:

Some 85% of office occupiers were satisfied with the management of their buildings and only 10% of those situated outside town wanted to move was the conclusion of a poll of 100 office occupiers in Birmingham, England and in Coventry, England. The survey, undertaken in Dec 1996, found that the worsening problems with traffic on congested roads was important in both cities particularly for those in Birmingham. A shorter time period for the duration of leases to around 5 years proved most popular and over 30% of occupiers were considering increasing their office space.

Publisher: Reed Business Information Ltd.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1997
Surveys, Birmingham, England, Tenants, Coventry, England

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Space race run its course

Article Abstract:

There has been an above-inflation rise in rents for prime office accommodation in the UK since mid-1997. Landlords are regaining a position of power as demand rises, and occupiers are being forced to accept longer leases again. Companies are now seeking better quality office space, and are able to pay higher rents. This trend is particularly marked in the City of London, England, where rents reached 511 pounds sterling per sq mt at the beginning of 1998, from 457 pounds sterling per sq mt at the beginning of 1997.

Author: Higgins, Lawrence
Publisher: Reed Business Information Ltd.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
Economic aspects, Real estate industry

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Subjects list: Contracts, Office construction, Office buildings
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