SHIFTING TRENDS
Office market to remain in doldrums even though more are back at work
FNB property strategist says it's unlikely there will be a return to full-time office working
10 January 2022 - 22:58
The office market, which is beset by historic high vacancies, will likely underperform in 2022 relative to the retail and industrial segments despite the expected return of more people to work.
Many companies will revise their office space needs down, said FNB property strategist John Loos, after the national vacancy rate rose nearly 18% on average during the first half of 2021 as the work-from-home trend gained traction...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.