Commercial Market Survey 2008 (RICS)

Tenant demand for commercial property fell back further in Q1 2008 and at the fastest pace in over six years. The slowdown in activity was across all sectors although the biggest declines were seen in the retail market, where demand was the weakest in the survey's 9 1/2 year history.

Surveyors continued to report a rise in the amount of available floor space in Q2 across all sectors, although growth in availability did not accelerate any further, having hit a ten year high in Q1.

Activity across all sectors of the commercial property market fell further in England and Wales in the third and forth quarter, with all but one of the headline indicators deteriorating further.

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