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Developers, property cycles and local economic development: The case of Sheffield

Pages 163-185 | Published online: 08 May 2007
 

Outline

The interaction between the property market cycle and the development industry at the local level is examined. The Sheffield office market is used as an example. Market trends result in limited periods of development profitability. Developers therefore face a difficult operational environment and adopt different tactics to cope with it. Some are more successful than others. The implications for the development sector and for the local economic development process are considered.

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