COMPANIES in Yorkshire have continued to cut their property holdings in the past six months, a survey has revealed.
The CBI/GVA Grimley Corporate Real Estate survey also warned that further shrinkage was expected over the coming six months.
The twice-yearly survey showed that 12% of firms increased their occupied space in the past six months – but 25% reduced it, giving a negative balance of minus 13%. The survey forecast a balance of minus 15% for the next six months.
Howard Cooke, director at property consultant GVA Grimley, said: “With little let-up in the impact of the recession, firms have continued to reduce property holdings in the past six months.”