International consulting company Jones Lang LaSalle as a result research office market in Europe , said: for the II quarter 2009 maximum basic rental rates have decreased by 4, and 6 %. versus the II quarter of last year the reduction was 15, 4 %.
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In London, recorded the maximum fall in rental rates: - 32% compared to the same period last year. Followed by the Moscow (30%), Dublin (-18%) And Madrid (10%). Reduced rates, say consultants, is because of rising vacancy rates in the European offices. The overall vacancy rate areas across Europe increased by 80 basis points to 9, 3%. Chris Staveley, head of the interregional division of Jones Lang LaSalle, commented: "Despite some signs of improving economic and business sentiment, a significant number of tenants across Europe continues reduce staff and to avoid the costs associated with the change of office. Demand for office real estate in Europe remains low. " In II quarter 2009, the amount of rented areas amounted to 2, 1 million square feet. m - a 35% lower II quarter of 2008 and almost 30% below the average of the past five years. The highest vacancy rate recorded in Dublin (21, 2%), followed by Moscow next (18%) and Budapest (15%) reported BN.ru. Until the end of the year, European investors plan to put into operation yet 4 million square meters. m of office space. As the demand, according to Staveley, left weak, the vacancy rate may exceed 10% (European average). Olga Rybakova, head of commercial real estate analysts Jones Lang LaSalle in Moscow, said the increased in II quarter, compared with First, the demand for office space, which, however, below pre-crisis. Fall demand and increased supply brought to the maximum level of base rates $ 700 sq. km. m per year. But Rybakov believes: "The main correction rates office space has already occurred. In the II half of 2009, we expect them gradual stabilization. "
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