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"The absorption of several large grade A floorplates and no newly marketed development completions meant that availability fell back in Q4 in the first significant drop since Q2 2008."
A review of the performance of all property sectors over April.
"After a spate of larger deals in Q4, take-up fell back sharply to 32,000 sq ft in Q1, consisting entirely of secondary and tertiary transactions.
With the exception of a flurry of activity in December, investment activity has been extremely subdued since mid-2008. The expected depth and longevity of the current downturn has deterred most investors from all non-essential transactions.