PRIVATE DOMESTIC (ALL CLASSES)
10
THURSDAY, FEBRUARY 8, 1990
PER CENT IN 1991,
36,500 DOMESTIC UNITS WERE COMPLETED IN 1989 WHICH WAS A MODEST INCREASE OVER 1988, BUT THE FORECAST SUPPLY FOR 1990 IS 25 LESS AT AROUND 27,400 UNITS. HOWEVER, IT IS EXPECTED THAT, SUPPLY WILL RETURN TO A LEVEL SIMILAR TO THAT OF 1989.
30 PER
OF
THE 1989 TAKE-UP DROPPED QUITE SIGNIFICANTLY BY SOME CENT TO 23,700 UNITS, BUT IT SHOULD BE. NOTED THAT OVER 40 PER CENT THE SUPPLY ONLY BECAME AVAILABLE DURING THE LAST QUARTER. VACANCIES AT
END THE YEAR
WERE CONSEQUENTLY 50 PER CENT REPRESENTING ABOUT 4.2 PER CENT OF STOCK.
HIGHER
THAN
IN
1988,
PRIVATE DOMESTIC (LARGE UNITS - 100 SQUARE METRES AND OVER)
IN
CONTRAST TO THE
DOMESTIC UNITS, 1988 TO
-
MODEST INCREASE
IN
OF OVERALL SUPPLY
UNITS IN SUPPLY OF LARGE UNITS DWINDLED FROM 3,150
WITH A 59 PER CENT UNITS IN 1989 WHICH, COUPLED 2,700 INCREASE IN TAKE-UP, LED TO A REDUCTION IN VACANCY LEVELS AT YEAR VACANT EXCEEDED TO 5.4 PER CENT OF STOCK. HOWEVER, THE NUMBER TAKE-UP FOR EACH OF THE LAST THREE YEARS.
END
THE
IN
1990,
ABOUT
A TOTAL OF 2,850 UNITS ARE EXPECTED TO BE COMPLETED SLIGHTLY MORE THAN IN 1989 BUT SUPPLY IS EXPECTED TO REDUCE TO 1,600 IN 1991.
OFFICES
9 PER THE SUPPLY OF OFFICE SPACE IN 1989 INCREASED BY NEARLY
THE VERY LARGE CENT TO 269,000 SQUARE METRES BUT THIS WAS DUE TO
58 PER INCREASE IN SUPPLY IN LESS ATTRACTIVE LOCATIONS (SECTOR III), CENT OF WHICH WAS COMPLETED IN THE LAST QUARTER.
IN
OVERALL TAKE-UP IN 1989 FELL BY ABOUT 71 PER CENT RESULTING A 110 PER CENT INCREASE IN VACANCY TO 261,000 SQUARE METRES OR 5.3 PER WAS CENT OF STOCK. A CONTRIBUTING FACTOR TO THE INCREASE IN VACANCY THAT 37 PER CENT OF THE 1989 SUPPLY WAS COMPLETED IN THE LAST QUARTER.
IN
VACANCIES
IN CENTRAL SECTOR I, SUPPLY CAME FROM ONLY TWO BUILDINGS
TAKE-UP DROPPED WHICH WERE COMPLETED IN THE SECOND HALF OF 1989 AND COMPARED TO 1988 RESULTING IN AN INCREASE IN VACANCY TO 5.8 PER CENT OF STOCK. IN
AND SECTOR II TAKE-UP WAS SIMILAR TO 1988 REDUCED. IN SECTOR III THE TOTAL SPACE OCCUPIED FELL SLIGHTLY THE YEAR AND VACANCIES INCREASED TO 6.5 PER CENT OF STOCK BUT 44
IN THE LAST CENT OF THE VACANT UNITS WERE IN BUILDINGS COMPLETED QUARTER.
DURING PER
/IN 1990