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Commercial rents to rise?

With reports of sliding property prices across the water, the Isle of Man Junior Chamber of Commerce has been given a completely different picture, that of a buoyant Manx market.

Speaking to the chamber at the Sefton Hotel were Nick Cooper and Mark Grace (pictured) of Black Grace Cowley.

On the commercial side, Mr Grace is forecasting a significant rise in office rents over the next few years, with a shortage of major office space now apparent after the building boom some years ago (audio file attached):

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