Sharp upturn amid market's jitters

摘要

Although the flow of new office projects remains extremely weak, market conditions have moved off the low point of the first half of 2009. CB Richard Ellis reported that the closing months of 2009 saw a pick-up in commercial property markets, with property investment activity in particular strengthening.rnThe take-up of central London office space improved considerably during the final six months of 2009 as occupier confidence strengthened, with CB Richard Ellis estimating that 334,450 sq m of central London office space was leased during the fourth quarter of 2009, the highest quarterly take-up since 2008.