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Main findings of the report are as follows:• Nodal competition is resulting in the absorption of office space in selected few nodes that have quality buildings and amenities, whilst secondary areas are dragging the performance of the total office sector resulting in higher vacancies.• It is of concern that take up activity is not centred on business growth, although this is expected in a modest economic environment driven by cost pressures and low business and consumer confidence. • The industrial market is performing consistently well and is characterised by low vacancies, increased take up and increased choice of new and quality buildings. However, there is still some cautiousness as the industrial market statistics do not reflect robust growth.
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31 October 2013