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Conditions for the corporate occupier continue to vary considerably between mature and emerging markets in the Middle East and Africa. The more mature office markets remain in the favour of tenants with increasing choice of new supply offering opportunities to upgrade to better quality space without increasing occupational costs.
There is a growing distinction between the most prime projects and locations, were rentals are generally stable, and more secondary locations and projects where average rents continue to decline.
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23 November 2012