" 2009 is set to become a tenants’ market as more attractive terms become available. Take-up at the end of 2008 was a buoyant 993,001 sq ft (wider CBD take up totals 1,037,012 sq ft). These figures are the most impressive take-up figures since 2001.  "

" A difficult start for 2009 is characterised by deteriorating market fundamentals, with rising vacancy, weakening rental values and rising yields. The lack of attractive investment alternatives together with the fall in the Euribor has nonetheless contributed to a number of investment deals, which are based on quality assets, tenant strength and long lease term contracts.     "

" “Serviced apartments, a real alternative to hotels and residential” 3,400 known serviced apartment units are in the planning pipeline, the bulk of which are in London. Combined with existing units this will bring total supply in the UK to just over 10,500 units.                        "

" Tenants are set to benefit as more attractive terms become available in 2009. Lack of rental growth and concerns about tenant default are rising to the fore as reasons to delay acquisitions. However, we are of the view that sterling as a currency is significantly oversold, which presents a positive position for non-domestic investors.    "

" “Yield decompression is slowing down on a quarterly basis, and in some locations we believe that most of it has been covered. Negative rental growth is gradually deepening across sectors. We expect this trend to continue throughout the year.” "

" “The dramatic decrease of investment levels, down 60% in Belgium and 95% in Brussels compared to Q108 are a combination of factors related to high financing margins, a lack of prime properties and fewer buyers.”  "

" “Investment turnover has decreased due to the international credit crisis, however the prospects for positive prime rental growth should sustain prime yields at their current levels."       "

" “Lack of transaction activity has created uncertainty in the market regarding pricing, however we believe that the stability of the occupational market should keep prime office yields in the region of 7.5%-8.5%.” "

" The recovery of the activity in the market will depend on the banks being confident enough to provide access to credit. Price adjustments will continue to push up yields, which will attract again foreign funds that previously pulled out of the Spanish market back into the country. "

" “The Edinburgh office market is better placed than other financial centres to weather the current downturn.” We expect availability to rise in 2009 as a result of both tenant returns and development completions. However, in 2010 and beyond the development pipeline is very constrained and this should provide the driver for a recovery in Grade A office rents in Edinburgh.  "