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This helped to bring take up for the first half of 2013 to 197,000 square meter, more than 60% up on the first half of 2012. However, the report points out that without the three large deals, the take up figure for the first half of the year would have been very similar to that of the previous year, and leasing activity has generally remained subdued.
Furthermore, according to data from NAREIT, the leverage ratio of listed REITs (total debt against market capitalization) as of September 30, 2011 was 38% significantly lower than 51% at the end of second quarter 2008 prior to the Lehman Brothers collapse.
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