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Unemployment

Covid's uneven employment impact still being felt. By Andy Fyers.

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Property

Covid's legacy could permanently impact office occupancy

Jenny Ruth
Tue, 13 Apr 2021

Office towers on Wellington's Lambton Quay.
Jenny Ruth
Tue, 13 Apr 2021
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The covid-19 pandemic has had a profound impact on office occupancy and it's possible some of that may be permanent, leading companies to reduce the amount of space they lease.At a forum in Wellington hosted by real estate firm Jones Lang LaSalle last week, its normally Melbourne-based workplace specialist Bryan Froud said people had been asking whether the office was dead in the early days of the pandemic.Back then, with office towers in central business districts (CBDs) in both Australia and New Zealand emptied while their usual occupants...

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