South Africa 2022 (Q1 Snapshots) - By JLL

South Africa 2022 (Q1 Snapshots) - By JLL

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The first quarter of 2022 saw the office sector continue to struggle through its demand and supply disequilibrium. Demand fundamentals are still being suppressed by trends such as the continuing work-from-home preference, the repurposing and renovation of offices, corporate consolidations or downscaling, and changes to the way people work. From a nodal perspective, semigration is another pertinent factor limiting demand. Finally, confined business confidence, high unemployment, and deflated economic growth levels continue to curb the potential for recovery within this sector

Source: JLL Nigeria

Published: 2022