This week one of my long-held beliefs has been shattered. Shortly after I began writing about this business 23 years ago, I realised it didn't matter what you asked an estate agent, their response would always be something like: "It's really busy out there - lots to do, lots of positive things to look forward to." I could ask, for example, a City letting agent how occupier demand was in the teeth of the late-90s recession when the dotcom bubble burst. He would come back with: "There are some great tenants out there and we're working to find many of them some great space. This dotcom problem thing is overblown."
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