Letting agency activity cited as barometer for economic health

by Gary Whittaker

This article was brought to you by Rentman the premium rent management software.

There are many different ways of judging the economic health of a city and one of these is the occupancy level in retail centres.

Letting agents are likely to find it harder to fill their commercial properties in times of economic hardship, as companies tend to have fewer funds to play with and less custom.

The Irish Independent picked out the results of the Cork City Occupancy Survey as early evidence of a retail recovery, since the number of vacant shops in the main shopping streets in the destination fell by 41 per cent year on year.

Speaking to the newspaper, study coordinator Barry Keane claimed his team received criticism for publishing the research over the past two years due to the negative results.

He added: "Hopefully, the critics will be as vocal in talking up the city as a result of this first piece of good news in three years."

Last month, LettingZone representative Mark Garner predicted average rental prices in the UK are likely to remain stable in the coming months.

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03-May-11General Lettings News