Feature Story
World's office markets see fall in rents after unprecedented fall in demand
The world’s leading centres have suffered an unprecedented fall in demand for office space which has contributed to the first aggregated global fall in prime office rents since 2003. Global real estate adviser Cushman & Wakefield, in its new Office Space Across the World report, says that 2009 recorded a steep and widespread fall in office demand with every region in the world recording falling prime rents for the first time.
The outlook for 2010 however is more positive. more
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