Waiting for a dam-burst

Article Abstract:

There has been a sharp rise in demand for office property in the UK, but tender prices for office construction have not risen by a similar level. It is possible that construction costs will rise, but there are a number of factors making it likely that they will not. These include the fact that construction materials prices remained stable in 1997 and that contractors' margins have not risen very much. Many observers feel that the building tender market is becoming increasingly difficult to predict.

Economic aspects, Real estate industry

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Kick-start test of market

Article Abstract:

Property agents in Southampton, England, believe that there will be strong interest from potential occupiers in the 6,304 sq mt Liberty House office development by Scottish Amicable and private developer Wotherspoon. This development is being undertaken at a time when there has been only limited interest in a number of speculatively built offices in Southampton. However, developers are likely to encouraged by falling supply and rising rents.

Buildings and facilities, Southampton, England

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