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.

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