XN000022-1984-04-26 — Page 3

THURSDAY, APRIL 26, 1984

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+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