Firms turn to well-maintained B-grade offices to cut costs
Backup power and water, energy-efficient buildings, security and high-speed internet are top needs for users, asset manager says
25 January 2023 - 19:55
As businesses are returning to the office, many big and small companies prefer buildings with backup electricity to ensure business continuity due to increased load-shedding.
Many B-grade offices — often older buildings — have higher vacancy levels than premium and A-grade ones, which are considered top drawer. Landlords such as Fortress Real Estate Investments, which owns mainly B-grade properties in Bryanston, Johannesburg, continue to revamp their buildings to attract and retain tenants as well as achieve higher rentals...
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