"This issue is particularly problematic in areas such as Business Bay and has resulted in a two tier market
, with buildings in multiple ownership commanding lower rents and slower absorption rates than single ownership buildings.
"That said, values still seem to be resilient, reflecting the scarcity of land for sale, although the gap between good quality well located holdings and more tertiary units continues to widen with a distinct two tier market
now clearly evident."
This is resulting in a two tier market
, with existing buildings and new build lettings at different ends of the spectrum.
However, MTW also point to a 'two tier market
' in 2015 whilst 70% of timber frame suppliers have a good or excellent credit rating, some 30% of suppliers are experiencing difficulties in terms of declining sales, tightening margins and pressure on financial liquidity.
A two tier market
exists with a significant divergence between high and low quality product in terms of quality of location, design, functionality, asset management etc.
"A two tier market
exists with a significant divergence between high and low quality product (in terms of quality of location, design, functionality, asset management, etc.).
It is a two tier market
; I'd probably go along with that.
This increasingly 'two tier market
' is expected to continue.
"Over the last couple of years there has been very little development of new Industrial properties and we are now starting to see a two tier market
in South Wales between good quality new or modern accommodation such as Severn Crossing and secondary former manufacturing facilities."
Ian Baily, head of rural research at Savills, said: "Our research shows that this slight softening in average values for all land types masks the fact that a two tier market
is now emerging.
However, there is increasing evidence of a two tier market
appearing with values of poorer quality farmland forecast to witness a decline.