New wave of offices stalls

New wave of offices stalls

Developers that had started building before the economy took a turn for the worse in 2022 have, by and large, continued on site. Those that were still pulling projects together, on the other hand, have generally applied the brakes. At the same time, demand has remained strong, especially for grade-A...

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Veröffentlicht in:Property Week 2024-05, p.50-53
1. Verfasser: Branson, Adam
Format: Artikel
Sprache:eng
Schlagworte:
Construction costs
Industrial development
Interest rates
Office buildings
Rents
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description Developers that had started building before the economy took a turn for the worse in 2022 have, by and large, continued on site. Those that were still pulling projects together, on the other hand, have generally applied the brakes. At the same time, demand has remained strong, especially for grade-A office developments. It is a similar situation in Liverpool, the North West's other main commercial property market. Here, Branson discusses the challenges faced by developers in the North West in making new office schemes financially viable.
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subjects Construction costs
Industrial development
Interest rates
Office buildings
Rents
title New wave of offices stalls
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