Rising Office Costs Expected in 2007 ; What Are the Biggest Issues for the North-East Commercial Property Sector? Nigel Stirling Looks at the Results of Northern Business Daily's Second Biannual Survey of the Sector.

The Journal › December 15, 2006

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Summary

RENTS are likely to rise in the North-East next year, according to a growing number of property professionals.

A survey by northern business daily found nearly 90% of property players in the region expect rents to rise faster than inflation, up from 75% of respondents six months ago.

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Extract

Rising Office Costs Expected in 2007 ; What Are the Biggest Issues for the North-East Commercial Property Sector? Nigel Stirling Looks at the Results of Northern Business Daily's Second Biannual Survey of the Sector.

The number predicting a rise in rents of 3% to 5% in the coming year stands at 31%, compared with 21% in surveys returned last June.

Sixty-nine per cent expect rents to increase by 0% to 3%, compared with 48% six months ago, while 5% expect rents to be static or fall...

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