Office Market Update Q2 2024
Office rental growth begins to plateau
31 July 2024
Key Highlights
- With weaker demand, landlords will increasingly prioritise occupancies with reasonable rents.
- Most tenants will continue to renew and lockdown during this protracted period of global economic and political uncertainty. Perhaps, it is now opportune for those who can relocate, to do so.
- Larger corporates still showed a preference for quality spaces in choice locations, smaller occupiers with tighter budgets have been more willing to consider less costly options where rents are more affordable.
Read full report here.
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