Thursday, April 12, 2012

Office leasing activity subdued but sales robust

Straits Times: Thu, Apr 12
LEASING activity weakened in the office market over the first three months of the year but there was still plenty of sales action, said a Colliers International report yesterday.

It said leasing demand was dampened by lingering debt woes in the euro zone and slowing growth in China and Japan.

These issues have resulted in corporate restructuring and a hiring freeze in some firms while keeping many others - especially the large occupiers in the banking and finance industry - on the sidelines in the first quarter...

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