Colliers Jackson-Stops has just published it Economic and Property Market Report for the second quarter of 2008. The report presents a snapshot and the company’s view on several sectors of the industry namely, Investment, Retail, Offices, Logistics & Industrial, Residential and Valuations & Rent Reviews.

Commenting on the Investment market, Michele McGarry, Associate Director said “These are challenging times with yields pushing out across all sectors. Until such time as the banks pump funding back into the market and economic conditions improve it will continue to prove difficult to conclude deals.”

“The forecast looked positive for the Offices market with strong take up recorded in Q1, however, with global economic conditions deteriorating, the sentiment in the sector is weakening,” according to Nick Coveney, Director & Head of Commercial. He added, “Until recently there hasn’t been a huge choice for occupiers either in the city centre or suburbs, but now with fewer tenants chasing the same buildings, it is becoming a tenants’ market.”

Download Colliers Jackson-Stops Property Snapshot Q2 2008 (PDF 223kb)