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Wednesday, 01 October 2014

Crowded banks could put floor under City rents

Crowded house

In the last City office crash, in 2003, banks had just moved to bigger premises, flush with dotcom exuberance. When they didn t fill the extra space they dumped it, and rents plunged. This time, banks are using all their space. Only a jobs bloodbath could hit rents as badly.



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