Office markets to feel the brunt of economic crisis

While the commercial sector was expected to surge before the credit crunch hit, mounting job losses are expected to create a rising glut of available space – especially in Sydney because of its exposure to the finance sector.

Morgan Stanley property analyst Lou Pirenc told The Australian Financial Review he expected a severe decline in demand in the sector over the next 12 to 18 months.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 15 January 2009