Increase in fuel costs squeeze demand for office space
Rising expenses may force tenants to work remotely and reduce space requirements
12 July 2022 - 17:03
The office property market, which was battling high vacancies even before Covid-19 struck, is starting to see slight improvement in demand for space thanks to easing in lockdown restrictions and the return to the office by many companies.
But rising fuel costs could see tenants allowing employees to work from home to save money on fuel costs, said John Loos, property sector strategist at FNB Commercial Property Finance...
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