Property is becoming more of a focal point for businesses looking to cut costs in our current economic climate according to Jones Lang LaSalle.
As development companies question whether to go ahead with office space and other commercial building work, it is likely that demand will outstrip supply especially in towns like Nottingham and Coventry.
The Jones Lang LaSalle report ‘In Search of Value? What market conditions are office occupiers facing?’ said:
“Looking ahead, we see headline rents outside the South East to feature improving incentive packages.
“This is partly in response to a softening in demand due to economic conditions and also as landlords fight for tenants to avoid paying business rates on empty buildings.
“Going forward, we expect to see some tail off in demand, with market conditions swinging more in favour of the occupier,” the report said.
Tags: Jones Lang LaSalle Inc, ‘In Search of Value? What market conditions are office