Landlords face tightening regulation driven by climate change WorldAhead
surprise, offices have largely avoided the calamity affecting shops and restaurants after more than a year of lockdowns. Office-owners have been spared any substantial demand shocks, and sale prices in big cities have held up despite lower rents in many places. Delinquencies and distressed sales have been rare.
The main challenge for 2022 is of a longer-term nature, in the form of regulators’ attempts to deal with global warming. The changes required could mean that many offices will decline into obsolescence.
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