It?s enough to make your accountant cry — now it?s the landlords who?re smiling. Particularly in the USA, long gone are the days of the late ?80s and early ?90s, when many markets were awash in surplus office and other space, and landlords were practically begging corporate tenants to sign on the dotted line. In 1997, companies will face a very different situation. Even in parts of the bullishly growing Asia-Pacific, vacancies are dropping, rents are rising and landlord concessions are drying up. In short, the pendulum of supply and demand is again tilting in favor of sellers.
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