Downsizing office space

  • Due to the trend ofmore people working from homeany companies are in the process of rationalising their office space. Unused office space is heading towards 10%, p.a from around 4% in early 2020. It is unknown what impact this trend will have on the Chatswood CBD.
  • A reduction in demand for office space could see a re-emergence of developers seeking to jam more residential buildings within the CBD.

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s