Sue Foxley, Head of UK Research at Jones Lang LaSalle said: "Theneed for occupiers to take pre-lets of larger buildings, and totake greater control of their space needs, based on what nowappears to be over-exuberant growth projections, have leftoccupiers as 'accidental landlords."

Through the mid-to-late 1990s, the development industry provedincapable of providing the size and type of unit required by largefinancial services operations and law firms, which forced them intotaking pre-lettings in order to take greater control of their spaceneeds. And now they have a stranglehold on the market.

Jones Lang LaSalle City Director Richard Norton suggests thatoccupiers with surplus space could look at sub-letting space byproviding a fully serviced offer. "But where does this leave thetraditional investor/ developer?" he asked.

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