Rental stability prevails despite looming Election

“Belvoir has 143 offices nationwide and the average rents for March 2010 were once again unchanged. I think that this confirms the resilience of the rental market to the ongoing recession,” says CEO Mike Goddard.

“I consider this evidence of rental stability to be a good sign, as it confirms that the slight drops we saw last year have now finished and we are entering a more stable period. Even though the country may be facing a degree of political uncertainty at present, Offices across the country are reporting stability within the rental market.

“I predict that the current ongoing tenant demand for rental properties will maintain this stability and we could soon begin to see evidence of rents nudging upwards.”

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