-
5 -
"Tonement floors roprosent almost 70 por cont of the total and
in this catogory only modest increases in rent have in general been noted.
Small and modium flat catogorios roprosont 27 par cont of the total. Tho
largo flat category, in which the most substantial increase is apparent,
roprosonts only over throo por cont of tho total.
"Of the 226,000 units of privato domestic accommodation, thoro
woro sproad ovor all catogorios somo 60,000 units or approximately 26%
which wore owner-occupied or occupied by ownors who had sub-lot parts of
tho promises.
The owners of those promisos will not be affected by the
trand towards higher ronts and, in the immodiato futuro, tenants who hold
promisos undor long-torm loase or by virtue of recently complotod tonancy
agroamants will also not be affoctod.
Business Accommodation
"Shops: It is clear from the indox that shop ronts, although
now on an upward trond, still are gonerally below the proviously highost
rocordod lovols roached in 1964.
"Offices: While vacant offico promises aro now fast filling up,
in the main business aroa ronts, for most of the yoar 1969, have followed a
downward trond and, for socondary buildings and othors outsido this aroa
aro wall bolow the levels of recent years. The index shows rent at about
75 por cent of 1964 and about 8 per cent below 1968. In the main business
aroa, landlords of first-class buildings gonorally follow a conservativo
policy and ronts for such buildings, which have changed littlo in rocont
yoars, aro now showing an upward trond as tho supply diminishos. Howovor,
thoro still is a fair amount of socondary accommodation availablo in off-
contro positions and no roal shortago is forosoen.
ì
/"Flattod