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Year-to-date take-up is ahead of the equivalent period last year
but there are now signs of slowing activity levels due to renewed
Limited completions have led to choice being markedly tighter
compared to last year. Reduced developer confidence and
constrained finance will continue to limit speculative
development. Occupier choice is, therefore, expected to be
further squeezed in 2012.
Prime rents have increased in many markets fuelled by strong
competition witnessed during H1 and falling supply levels,
however the rate of increase is now starting to abate.