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Headline

Nabarro heads east with City HQ move confirmed

Comment

A headline rent of £46 psf is not a bad rent in the current market. Due to market conditions there has been very little development recently (except for the tower developments, and they will be significantly more expensive than £46) and that lack of development has had an impact on the supply and demand dynamic i.e. there is very limited supply. There are no suitable buildings with rents below £40 in todays market. I still think Nabarro is a firm in desperate trouble trying to find it's place in the world, and I'm not sure if it has one, but on pure economics this is not a bad deal.

Posted date

9-Jan-2013

Posted time

2:55 pm

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