Secondary office market on the slide, says C&L

Article Abstract:

Many property lenders and owner-occupiers are pessimistic about prospects for the secondary commercial property sector, according to a survey by Coopers and Lybrand. The market remains at a very low level, even though agents are trying to inject some demand. Most of those responding to the survey indicated that owner-occupiers are their largest source of demand. The main determining factors on demand are the availability of finance and business and personal confidence.

Surveys

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Is three a crowd?

Article Abstract:

Three large office building developments planned for Bristol could add more than 1 million sq ft to the city's office stock if they all go ahead. Some observers are concerned about oversupply, as occupier demand is still weak and large new developments could make the market unstable. They feel that the projects should be delayed as the city centre office market begins to recover from the last round of development.

Buildings and facilities, Bristol, England

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Better late than never

Article Abstract:

More properties are now being sold in post-auction deals. Investors prefer to hold back during an auction in order to buy a property cheaply afterwards. Post-auction sales made up roughly 5% of commercial property deals in 1993 and in 1994, according the Auction Results Analysis System of Jones Lang Wootton. Larger lots are more commonly sold post-auction.

Art Dealers, Auctioneers, Art Dealers, Purchasing, Statistics, Auctions

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