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Office Occupier Trends Overview Q3 2009

  • Take-up continued to improve in Q3, rising significantly on Q2 level

 

• But with almost 60% of take-up in just five deals, the number of lettings remained well below average

• Business services sector was subdued, while finance boosted by ‘mega deal’ in the City of London

• Transaction volumes below average in London and the Thames Valley, Manchester and Birmingham resilient

• Enquiry levels continued to improve, led by London, but strong recovery in demand unlikely

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