If anyone needed proof that remote working is wiping out commercial property owners’ profits, they need look no further than results released this week by Redefine Properties, one of SA largest office landlords.

The tally of empty space in Redefine’s portfolio of more than 100 office buildings had risen to a record high of 14.6% by February, up from 12.3% a year earlier and 13.8% in August...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now