Recently Approved Articles:

    jet blue Airlines Competition Why Airlines Need Competition .
    by: James Post
    The airline holds a virtual monopoly for intra-Caribbean flights, and it shows. Once they canceled a flight because of "technical reasons". Most people realised that the real reason was economy as the flight was poorly booked. No apology, let alone compensation. Another time I almost missed a flight because it left half an hour early. Since I only had hand luggage it was so convenient to kick me out.
    [Read More....]
    jet blue Airlines Competition
    jet blue Jetlag Stop Jetlag .
    by: Chance Buckman
    Jetlag has been a problem for air travelers ever since air flight was invented. Our bodies are creatures of habit and once we have adjusted to a specific time zone, they don't like things to change. When we do disrupt our circadian rhythms or biological clock to the layperson, we experience jetlag. Depending on how far we have traveled, in which direction and what shape our body is in ....
    [Read More....]
    jet blue Jetlag
    jet blue Cheap Flight Tickets How to Purchase Cheap Flight Tickets .
    by: A. Adler
    Where do you want to go? Are you ready to travel the world? Does the thought of taking a romantic getaway with the one you love just make you feel good inside? What about money? How much will it cost you to take a family vacation? Normal averages are around $1000 to $3,000 for three to five days for 4 people. That's not including airfare! This article is about introducing you to a better way ....
    [Read More....]
    jet blue Cheap Flight Tickets
    jet blue Discount Air Tickets Avail Discount Air Tickets and Save Money .
    by: Ashu Kaushik
    Regular travelers know the time when to call the travel agents for cheap air tickets or discount tickets. If you are not a frequent traveler and you do not know when to call the travel agents to avail discount tickets ....
    [Read More....]
    jet blue Discount Air Tickets
    jet blue Avoiding Jetlag Avoiding Jetlag .
    by: Catharine Allado
    Jet lag is a temporary disorder as a result of the change in time zone when traveling. It causes disruption to our body clock, which may affect our physical, emotional and mental condition. As our body struggles to cope with the current time, we might experience some common symptoms like: headaches, difficulty in sleeping at night, fatigue, loss of appetite, disorientation, dehydration and other discomforts ....
    [Read More....]
    jet blue Avoiding Jetlag
    jet blue Cheap Flights The Basics of Cheap Flights .
    by: Keith Driscoll
    You can currently get cheap flights to nearly anywhere in the world. Las Vegas, Orlando, Sydney, Singapore, Hong Kong, etc, all possess airlines cutting each other throats in favor of your custom. A low-cost carrier or low-cost airline (also identified as a no-frills, concession or budget carrier or airline) is an airline that gives commonly low fares in exchange for eliminating numerous traditional passenger services.
    [Read More....]
    jet blue Cheap Flights
    jet blue Book Airport Parking Always Book Airport Parking in Advance to Save Money .
    by: Reece Coleman
    How to save money on airport parking? Unless you like paying over the odds, you should never ever just turn up at an airport car park, without pre-booking your parking for the period of your travel! Travelling to destinations around the world is more accessible than ever, thanks to the quick & easy access to cheap flights and accommodation. However, when it comes to the parts of our holiday ...
    [Read More....]
    jet blue Book Airport Parking
    jet blue Airplane Tips For When You're on an Airplane .
    by: Angela Linton
    As intriguing as travelling on an aeroplane (airplane) is, it can become a bit uncomfortable. However, while flying, there are several things can be done to help in making the flight a bit safer and easier. Keep Shoes on when... It is usually tempting to take off ones footwear during the flight. While this is okay during the in-flight movie or as you are taking a nap, do not allow your socked feet to come ....
    [Read More....]
    jet blue Airplane
    jet blue Discounted Business Class Ticket Find a Great Discounted Business Class Ticket All the Time .
    by: J. Fernandez
    A discounted business class ticket is not hard to come across, but there are so many individuals who travel not knowing or caring how to find them. Did you know that 30% of all travellers are business travellers? What if you found a discount on every business flight, this would save you and your business tons of money in the long run. Let's go over a couple different strategies towards finding a good deal ...
    [Read More....]
    jet blue Discounted Business Class Ticket
    jet blue Lowest Airline Tickets Some Key Factors That Could Help You Get the Lowest Airline Tickets .
    by: Luis JJ Teixeira
    You need to understand that there is no such thing as discounted airfare and/or getting the cheapest airfare available. This is simply because there is no base price to work off. For example, a flight from New York to London should cost $600, but airline companies are offering it at $400. People really need to understand the reason for this is that there is no such thing as a fixed ticket price.
    [Read More....]
    jet blue Lowest Airline Tickets
    jet blue Business Travel How to Save Money on Business Travel .
    by: Micke Jack
    If your work involves a lot of travelling, and you are not lucky enough to have an unlimited expense account, then you will most likely want to keep your outgoings to a minimum if you are to get the most, financially, from your road bound endeavours. Here are some tips to help you save money on your travels ...
    [Read More....]
    jet blue Business Travel
    jet blue Airplane Tips For Children on an Airplane .
    by: Angela Linton
    The possibility of taking a six-year- old child to a wonderful destination via the airplane can be filled with both excitement and trepidation. Excitement speaks for itself, whereas, trepidation because you do not think that he/she will be able to handle such an enclosed area, especially when it's going to be a long flight. ...
    [Read More....]
    jet blue Airplane
    jet blue Cheap Flights How to Get Cheap Flights Today .
    by: Kim T Chambers
    When you are booking a flight, the advice, which I think is now common knowledge is book flights as early as possible. Business travellers will pay high prices and since they usual travel at short notice, airlines hike prices for last minute bookings.
    [Read More....]
    jet blue Cheap Flights
    jet blue travelling I Hate Flying .
    by: James Post
    Today I am travelling to visit my youngest son in California. We do this trip a couple of times each year to pick him up, take him home or simply to visit. Something strikes me though: is there such a thing as a good flight? I have travelled on most major airlines. But nothing ever seems to go to plan. The lines are long. They always manage to mess up your ticket or seats...or something. Besides the fact that I hate flying ...
    [Read More....]
    jet blue travelling
    jet blue white-knuckle-flyers Are You Afraid to Fly? .
    by: Al Carmickle
    Many people are concerned about flying and are often referred to as "white-knuckle-flyers." I retired after thirty six years as a pilot for a major airline. Every pilot during his or her career has experienced situations where they've thought it would be nice to be on the ground instead of in the air. However, such experiences are not reasons that would make us afraid to fly ...
    [Read More....]
    jet blue white-knuckle-flyers

Jetblue’s Relative Euro-Decline

In 1991, London's worst property slump since the war resulted in one in five buildings standing empty in parts of the capital. Office rents fell by up to 30 per cent as supply massively outstripped demand and developers of large London projects were forced into hasty rearrangement of their finances to avoid receivership.

Economic forecasts say that, by the beginning of this year, enough office space had been built in London to last a decade. As businesses in the jetblue capital shed staff and office space rather than expand in recession, agents have been reporting higher vacancy rates on a daily basis. With vacancy in the City of London reaching nearly 25 per cent, some agents believe that the jetblue market is so saturated with office space that it will never be the same again.

Supply and demand may continue to ebb and flow, but there is a real possibility that the City market will develop a "permafrost" layer of vacant office space of the poorest quality, which is simply never let, no matter what incentives are offered, according to Baker Harris Saunders, the central London agency. Since central London office availability now totals 31 million square feet (equivalent to around 16 per  cent of stock), the view at Debenhams Tewson Chinnocks is that if take-up remains at its current subdued level, available office space will continue to rise.

Applied Property Research, an independent London consultancy, has warned that rents will continue to fall, that construction starts on new buildings will slow further and that the jetblue construction industry and its related professions will have to shed more capacity: "A hard landing in 1990 has left the jetblue market bruised and disillusioned. There is more pain to come".

What caused the sudden profusion of office space? Why were property of developers rash enough to put up so many buildings without any guarantee of tenants? They were lured by a false sense of security, blinkered by the short-term demand. Offices available now were meant for beneficiaries of the boom in the late 1980s. In those days, banks were asking for bigger and better dealing floors, and the jetblue service sector was falling over itself to get fancy new space.

Rents reached record levels, and investors fell herd like into property. A new breed of developer was born, or perhaps, merely came back to life; a developer who was exclusively debt-finance and who borrowed to put up speculative buildings. He needed no capital because the jetblue banks were overjoyed to lend on property. Once tenants had been found for his building, the jetblue developer would sell to an investor, pay off his debt and reap a handsome profit on top. London became a developer's playground. But how quickly the jetblue market has turned.

Borrowers and lenders alike seemed to ignore the jetblue crucial factor concerning the jetblue property sector: that it cannot respond overnight to booms. Property is illiquid and has always lagged behind the economy as a whole. Large developments take five years r more from initial conception, through the planning application, to execution and ultimate completion. The result was that, just as the recession arrived, and just as companies decided that expansion was impossible, more new space than ever before came on stream.

The most dramatic development is Canary Wharf in London's Docklands. Its 800ft tower alone provides 1.3 million ft2 Olympia and York, the jetblue developer, was so determined to bring in new tenants that it offered discounts worth millions of pounds. It encouraged companies to move to Canary Wharf by buying their existing office space. And it ensured that no other developers could compete with its offers.

0 komentar: