London office construction hits all-time low; soaring rents expected

11/13/2009 | Times (London) (subscription required), The

The number of major office projects under construction in London has fallen to the lowest level on record. The latest Crane Survey found speculative office development has plummeted 48% from its high point 18 months ago. Industry experts predicted an upcoming office-space shortage that could drive office rents up as much 15%, beginning around 2011.

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Times (London) (subscription required), The

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