JLL: Abu Dhabi office rents stable in 1Q15

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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