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Office Space Across the World 2010
Office Space Across the World 2010
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The weakness in the global economy impacted on the occupational market in every corner of the world in 2009. Vacancy rates increased and, coupled with declining occupier demand, office rents fell in the majority of markets as the pendulum swung firmly in the occupiers’ favour. Globally office market rents decreased by 10%, the first aggregated global fall recorded since 2003. No market escaped and rents were down in every region- a trend not previously seen.
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