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CBI/GVA Grimley Corporate Real Estate Survey

• Business confidence in relation to output and employment has fallen since the last CBI/GVA Grimley survey six months ago.
• More businesses will be looking to reduce their property portfolios over the next six months.
• The financial and business services sectors have seen a major impact from the credit squeeze.
• Retailers appear to be more affected by the economic situation than the credit crunch.
• Primary effects of the credit squeeze are on the smallest and largest businesses.
• Opportunities to use the current circumstances to gain advantage have not been exploited by business.
• Surplus property remains a burden to business. For certain sectors such as retail, virtually every business is carrying surplus property.
• Within the boardroom, property is being discussed at the highest level by nearly two thirds of all companies surveyed.
• Benchmarking has only been adopted by half of business and only 40% use the information to drive down costs.

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