Firms paying for empty office space consider their options

Underutilised office space could work in favour of coworking spaces like Queenstown's Mountain Club. (Image: BusinessDesk)

Brent Melville

Fri, 15 Sep 2023

Wasted office space at city firms has jumped over the past two years, with well under half of New Zealand companies using at least 80% of their paid-for floorspace, a new report shows.At 45%, that's down from 85% of occupiers able to productively use four-fifths of their capacity from the prior report, published in 2021 and conducted by real-estate advisory firm Jones Lang LaSalle (JLL).The latest report also shows that more than a fifth of tenants are using less than half their floorspace.About 58% of the 33 building owners surveyed, meanw...

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