THURSDAY, APRIL 26, 1984
- 2 -
+THE RENTAL INDEX SHOWS A FALL OF 15 PER CENT OVER THE YEAR. GENERALLY, HOWEVER, SMALLER UNITS SHOWED A DEGREE OF STABILITY DURING THE SECOND HALF OF THE YEAR. THE PRICE INDEX FELL A FURTHER 21 PER CENT.
DOMESTIC (LARGER UNITS OF 100 M2 AND ABOVE)
(NO. OF UNITS)
VACANCY
SUPPLY
TAKE-UP
VACANCY
AS A % OF STOCK
1982
2 500
1 200
3 800
1983
2 600
1 800
4 400
9.1
9.9
1984
2 100
+DESPITE A RECORD TAKE-UP IN 1983 OF SOME 1 800 UNITS, THE HIGH LEVEL OF SUPPLY IN THE YEAR RESULTED IN AN INCREASE IN VACANCIES TO ALMOST 10 PER CENT OF STOCK.
+SUPPLY IN 1984 AND 1985 IS EXPECTED TO REMAIN HIGH WITH THE REVISED FORECASTS INDICATING IN EXCESS OF 2 000 UNITS IN EACH YEAR.
+THE RENTAL INDEXES FOR, RESPECTIVELY, D AND E UNITS FELL BY 20 PER CENT AND 15 PER CENT OVER THE YEAR WHILE THE COMBINED PRICE INDEX SHOWED A FALL OF 28 PER CENT.
COMMERCIAL
('000 M
VACANCY
SUPPLY
TAKE-UP
VACANCY
AS A % OF STOCK
1982
368
198
545
10.7
1983
270
243
541
10.1
1984
175
+AS IN MORE RECENT YEARS, MUCH OF THE SUPPLY IN 1983 WAS OF ARCADED SHOP DEVELOPMENT. SUPPLY IN 1984 IS NOW LIKELY TO BE SUBSTANTIALLY DOWN ON THE PREVIOUS FORECAST,
+A MUCH IMPROVED TAKE-UP IN 1983 RESULTED IN A SLIGHT DROP IN. VACANCIES COMPARED WITH THE POSITION A YEAR EARLIER. IN THIS RESPECT, IT IS OF NOTE THAT THE GREATER PROPORTION OF VACANCIES IS NOW WITHIN OLDER BUILDINGS.
THE SHOP