Tricky 2009 for the Office Market
According to experts in the field, the office market this year can best be described as “performed reasonably well,” with a number of hightlight. However, these highlights have papered over the cracks that have begun to appear and which could widen as we move in to 2009.
For the corporate occupier, the lack of supply in the city centres will lead to the market concentrating on the out of city supply where the stock varies widely in terms of quality and prices.
Looking forward what will the year have in store? With all the economic indicators and commentators predicting little signs of recovery till the end of the year, without doubt 2009 is going to be a very difficlt year. And with no doubt that it will have an affect on the whole office market.
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