JLL: Abu Dhabi office rents stable in 1Q15
Jones Lang LaSalle IP Inc. noted in its Abu Dhabi Real Estate Market Overview for 1Q15 that office rents were stable. Demand was ‘relatively flat’ and a limited amount of new space became available. Across the entire office market, the vacancy rate is 25%. However, there is minimal vacancy in prime office blocks. Most of the 359,000 square metres of new supply through the remainder of 2015 has been pre-committed to tenants.
Source : 31 March 2015/JLL/Abu Dhabi/OFF