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Do statistics show a new trend in the increased occupancy rate for offices?
Do statistics show a new trend in the increased occupancy rate for offices?
A press release giving details of the recent increase in occupancy statistics throughout the country. The statistics have been used to gauge the performance of the country as a whole and how this is having a bearing on the estate agents and realtors. Commercial property experts have been interviewed, sharing their perception of the commercial property market and how this will impact upon the market. Experts have pondered whether this data will have lasting effects...
Stoke-on-Trent,
Staffordshire,
United Kingdom
(prbd.net)
11/01/2011
Figures recently released suggest that despite a few regional fluctuations that the country has shown increases in its vacancy rate for commercial property.
One expert said that the resilience by real estate brokers and within the office market was due to their capacity for reinventing their policies and attract new companies.
Economist Morgan Cox said, "It is crucial nowadays for realtors to successfully reinvent themselves. If they didn't change the way they market themselves or advertise commercial properties in advantageous ways then they wouldn't get the same level of interest in them."
He said that this could explain why other sector still have vacancies in their retail outlets and warehouses, as the right kind of business has not been focused on in the real estate commercial campaign.
The country has experienced higher rates in the past, even approaching 30 percent, however, new data has revealed that the average is as little as 12.4 per cent. However, the sources that have determined these statistics are not yet available to the public.
Although, there have been important companies migrating from key areas but as they have kept to the boundaries of their own company their move has not changed the general statistics. The findings only reflect properties where the tenant is no longer in business. By this estimate, the figures are relatively low.
Expert at Move Today, Steven Jones, said, "Creating a new business during the unfavourable climate of last year was brave but that it upped the rates of occupancy. Although, for a number of companies it was a complete success and for the country overall rates were low."
Despite this move seeming to be a big risk it seems to have paid off and there are now evidential signs of life returning to the country as a whole.
Paul Hughes at officebroker.com said, "The country can adapt to market changes. It acts in unexpected ways. As a result leasing, for example London office space has shown to be successful. It has boosted the national profile and has enabled us to make steps to growth."
He added, "It is well-known that on our path to recovery we have struggled and times aren't easy, but independent retailers are pretty resilient and we are all keen to show that vacancy rates can and will improve."
It has been suspected that the latest data for vacancy rates could show sure signs of improvement and the country could even indicate a renewed hope in the market. Due to this, many are anticipating an increased number of new start ups by April"
Michael Williams, of Moving Steady estate agents, said, "We are delighted that the country's the retail and commercial sector has been surprisingly resilient during the recession. It really has been above and beyond what was expected. We now think there will be more signs of growth as businesses start to benefit from renewed confidence in the market and new leases are taken up."
The only question is whether the recent trend has staying power and can be relied upon to make long-term decisions. It is only when this question is answered that we will know whether businesses can feel confident enough to invest their money in new offices or in the hiring of staff.
For more information, Please visit
http://www.officebroker.com/
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