The buoyant Central London market, and to a lesser extent, Paris, are bucking the trend as the rate of new office completions plunges across most European markets. New research by CB Richard Ellis (CBRE) suggests completions could fall by as much as 30% over the whole of 2011 and decline further in 2012 as the low level of construction starts during the economic crisis feeds through into reduced levels of new office space.
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