Office/Warehouse Space after Lockdown.
Category Market News
With the Covid-19 lockdown rules and regulations that we have had to adhere to in the last few months, a lot of businesses have had to adapt to their staff working remotely from home.
Agents and landlords may therefore ask the question: "Will companies shrink their rented space and rather continue to run their companies as they have done during lockdown restrictions?"
The answer is NO!
In fact, companies that have built work models that are successful will re-implement these same models but will actually require extra space for employee's safety and health distancing. So, it is expected that the commercial market will boom in the next quarter!
- We will find a shortage of warehousing as the economy will need to regain lost profits.
- Landlords with vacant properties will be demanding higher prices.
- Investment buying may soften for the next 6 months unless stressed properties are available.
- The current low interest rates are attractive to buyers.
I look forward to your comments. As of Monday 1 June, I will be available to help with your solutions and valuations on your properties.
- Wayne Ashford
083 456 8518
Author: Admin