User of brick tools are set to see a recovery in the commercial property market, one expert has said.
The Royal Institution of Chartered Surveyors recently released the results of a survey showing that the industry's growth had slowed in the second quarter of 2010.
James Roberts, head of real estate consultancy Knight Frank, commented that lower demand for the assets recently is merely a "pause for breath" following a series of large deals in past months.
The fall in interest saw 38 per cent more chartered surveyors note a decline rather than an increase in enquiries between April and June, compared with 32 per cent in the first three months of the year, which the expert said was anticipated.
"Usually with commercial property there is about a six month time lag between something happening in the economy and it filtering through to the office market," he explained.
He went on to note some of the deals that were driving the industry forward, including Watermark Place - let to Japanese Bank Nomura, while UBS is currently considering leasing the Broadgate Centre.
Posted by Jonathan Gordon.
The Royal Institution of Chartered Surveyors recently released the results of a survey showing that the industry's growth had slowed in the second quarter of 2010.
James Roberts, head of real estate consultancy Knight Frank, commented that lower demand for the assets recently is merely a "pause for breath" following a series of large deals in past months.
The fall in interest saw 38 per cent more chartered surveyors note a decline rather than an increase in enquiries between April and June, compared with 32 per cent in the first three months of the year, which the expert said was anticipated.
"Usually with commercial property there is about a six month time lag between something happening in the economy and it filtering through to the office market," he explained.
He went on to note some of the deals that were driving the industry forward, including Watermark Place - let to Japanese Bank Nomura, while UBS is currently considering leasing the Broadgate Centre.
Posted by Jonathan Gordon.