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Abrupt downturn in retail occupier activity

Series: RICS Press Release ; (pr028) 15 April 2003 (2)Publication details: 2003Subject(s): Summary: "RICS commercial property survey England and Wales - first quarter 2003" reports that retail occupier activity declined sharply in the first part of 2003 with new occupier enquiries flattening out, floorspace availability rising at the fastest rate in three and a half years and landlords having to offer greater incentive packages to secure tenants. Business property demand was depressed in this quarter by the Iraq factor - 16% of surveyors reported a drop. The office market remained the weakest sector with 42% of surveyors recording a fall in sales and lettings in Central London with a visible slowdown in other areas across the UK. The survey is available at http://www.rics.org/resources/economic_analysis/commercial_market_survey.html. http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=899&faculty=RICS
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Item type Current library Call number Copy number Status Date due Barcode
News article London News article WB3915-05 (Browse shelf(Opens below)) 1 Available 121992-1001

"RICS commercial property survey England and Wales - first quarter 2003" reports that retail occupier activity declined sharply in the first part of 2003 with new occupier enquiries flattening out, floorspace availability rising at the fastest rate in three and a half years and landlords having to offer greater incentive packages to secure tenants. Business property demand was depressed in this quarter by the Iraq factor - 16% of surveyors reported a drop. The office market remained the weakest sector with 42% of surveyors recording a fall in sales and lettings in Central London with a visible slowdown in other areas across the UK. The survey is available at http://www.rics.org/resources/economic_analysis/commercial_market_survey.html. http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=899&faculty=RICS