Rising transport costs may force tenants to work remotely and reduce space requirements
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...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.
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Increase in fuel costs squeeze demand for office spaceRising transport costs may force tenants to work remotely and reduce space requirements
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