Falling population to hurt European office market

Europe's falling population is going to need less office space in the years ahead, hurting commercial-property prices, said a report to be released Wednesday. But if the pace of office development slows with demand, vacancy rates could remain low, which would probably boost rental growth, says the report by Henderson Global Investors in London. The United Nations estimates that Europe's population will fall 9% between 2000 and 2050 because of falling birth rates.

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