SA office vacancy rates hit levels last seen in 2003
Higher vacancy rates have an effect on asking rentals, which have been under pressure since mid-2020
20 January 2022 - 10:49
UPDATED 20 January 2022 - 16:34
A hybrid work model, which includes working both in the office and from home, as well as occupiers downsizing to smaller quarters, is projected to put even more pressure on an office sector struggling with record vacancies.
With occupiers being increasingly selective on office locations, landlords would need to be flexible to the changing needs of tenants to retain them, analysts said. ..
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