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With our bull, bear, and rental growth cases presented along with insight from our agency teams, what are the key takeaways?
Overall, the market remains in a post-Covid transitionary phase that will take some time yet to balance out. However, as our data shows, occupiers remain active, and whilst risks are present on the supply side, the speed at which the development pipeline has decreased suggests that we are unlikely to see a development-led oversupply in the market, which, in turn, would have a detrimental impact on rental growth.