In the last two months office availability has risen by a thirdwhile demand for central London office space in is half what it wasat the peak in July 2001. Total take-up in November was just600,000 sf.
John Forrester, head of Central London Offices at DTZ said: 'Themost notable aspect of the substantial increase in availability inrecent months is the shift in the balance of office space releasedby tenants against that by landlords. 70% of available space nowcomes from tenants reducing the amount of office accommodation theyoccupy as a result of the global economic slowdown. This trend islikely to continue.'
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