The ailing office space subsector of the property market is starting to see a recovery after Covid-19 caused thousands of companies to adopt work-from-home models to protect employees, resulting in many businesses ending their leases or opting for smaller spaces as they embrace hybrid remote working arrangements on a semi-permanent basis. Following real estate investment trust company Attacq’s pre-close update on November 29, in Waterfall City, CEO Jackie van Niekerk told Engineering News that many companies had begun to once more recognise the importance of retaining and encouraging an office-based work environment for the sake of nourishing and preserving their company cultures, as well as for the important function of facilitating knowledge transfer, which she said was not being effected properly through permanent work-from-home arrangements.
from Engineering News | Home https://ift.tt/whLmUqC
