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Main » Articles » Real Estate » Office Rent

The Dubai office will be vacant half - experts

According to analysts, vacancy rates of office real estate in the emirate next year may exceed 50%.

To date, this figure reached the mark of 38%. In the central areas of Dubai share of unoccupied office space is much lower - 12% of the total, according to Arabian Business, with reference to the study of Jones Lang LaSalle.

According to experts, the reason for the sharp increase in vacancy will be a surplus of supply: the end of the year is expected to be commissioned 1.4 million square meters. m, which is about 30% of the total office space in Dubai.

The cost of renting offices in II quarter has decreased by 2% on the previous quarter and by 38% - in annualized. In comparison with the peak value by mid-2008 rents had fallen by 45-60%.

Category: Office Rent | Added by: Дмитрий (06.07.2010) W
Views: 404 | Rating: 0.0/0

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