The role of pre-letting in office property development in the UK

Fisher, Peter (2010) The role of pre-letting in office property development in the UK. Planning Practice and Research, 25 (1). pp. 117-139. ISSN 0269-7459

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Official URL: http://dx.doi.org/10.1080/02697451003625448

Abstract

The paper reports on research on the role of pre-letting within office property development in the UK. Pre-letting is defined legally and the causes and consequences of pre-letting are examined. Pre-letting is discussed from the perspectives of risk, marketing, the occupiers' view and the property cycle. Senior executives from property development companies and occupier organizations were interviewed. Three detailed case studies are reported. Before construction, pre-letting can be a pivotal event effecting feasibility, subsequent events, 'actors' behaviour, the local economy and the urban environment. The results highlight the occupier's viewpoint and deepen understanding of the role of pre-letting within the wider property development process.

Item Type: Article
Uncontrolled Keywords: property, real estate development
Subjects: K900 Others in Architecture, Building and Planning
Department: Faculties > Engineering and Environment > Architecture and Built Environment
Depositing User: EPrint Services
Date Deposited: 09 Jul 2010 09:54
Last Modified: 10 Aug 2015 11:23
URI: http://nrl.northumbria.ac.uk/id/eprint/1921

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