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Market sentiment has slightly improved over the quarter, as there are a number of funds assessing the market in terms of distressed properties. However, the weakening economy remains a concern with further austerity measures causing difficulties within the market. Consequently, tenants are looking to reduce the space they occupy or renegotiate their lease. However, despite landlord incentives competitive, prime rents were unchanged across the country over the quarter.
Source : Cushman & Wakefield
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