01 September 2022 15 Min Read
Will SA real estate survive the ‘office apocalypse’?
Covid changed the way companies and their employees work. As a result, some corporates have downscaled their HQs, cutting operating costs and giving workers much sought-after freedom. It’s taken a hefty toll on SA’s commercial real estate sector, with more than 3-million square metres of office space standing empty, costing landlords as much as R3.8bn a year in forgone income
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