PRIVATE DOMESTIC (LARGE UNITS
6
MONDAY, FEBRUARY 8, 1988
-
100 SQ METRES AND ABOVE)
SUPPLY OF LARGE DOMESTIC
UNITS IN 1987 WAS DOWN BY SOME 20 THE FORECAST SUPPLY FOR 1988 IS
THE
PER CENT COMPARED TO 1986. ORDER OF 3,600 UNITS, WELL UP ON THE 1987 SUPPLY OF 2,000 UNITS THE 10 YEARS' AVERAGE OF AROUND 2,000.
AND
THE 1987 TAKE-UP OF LARGE UNITS AT 2,650 WAS A SIGNIFICANT INCREASE COMPARED TO THE 1986 FIGURE OF 1,800. THIS, COUPLED WITH THE
IN LOWER SUPPLY, RESULTED
A DROP IN THE VACANCY RATE FROM 6.6 PER CENT TO 4.5 PER CENT OR 1,000 UNITS.
COMMERCIAL
SUPPLY OF COMMERCIAL SPACE IN 1987 WAS 63 PER CENT UP ON THAT IN 1986 AND AT 284,000 SQ METRES WAS THE HIGHEST SINCE 1982. SUPPLY IN 1988 IS EXPECTED TO BE MARGINALLY DOWN ON 1987.
TAKE-UP AT 358,000 SQ METRES IN 1987 WAS THE HIGHEST ON RECORD AND WELL UP FROM 213,000 SQ METRES THE YEAR BEFORE. IN CONSEQUENCE, VACANCIES FELL FROM 7.8 TO 5.4 PER CENT OF STOCK.
OFFICES
THE SUPPLY OF OFFICE SPACE IN 1987 WAS DRAMATICALLY UP ON THAT FOR 1986, ALTHOUGH STILL NOWHERE NEAR THE HIGH OF 591,000 SQ METRES IN 1983. JUST OVER 40 PER CENT OF THE 1987 SUPPLY WAS IN SECTOR
IN 1988 ARE EXPECTED TO RISE BY A FURTHER COMPLETIONS
OFFICE CENT.
II.
5
PER
TAKE-UP IN 1987 AT 269,000 SQ METRES EXCEEDED THE YEAR'S SUPPLY BY 9 PER CENT RESULTING IN A DROP IN OVERALL VACANCY FROM 6 PER CENT ΤΟ 5.5 PER CENT.
REDUCING VACANCY
SECTOR III EXPERIENCED THE GREATEST TAKE-UP, IN THAT SECTOR TO 4.8 PER CENT FROM 8.6 PER CENT IN 1986.
THE
YEAR.
VACANCIES IN SECTORS I AND II IN 1987 WERE UP ON 1986, SIGNIFICANT AMOUNT OF NEW SPACE COMPLETED TOWARDS THE END OF
DUE
ΤΟ
THE
/FLATTED FACTORIES