Covid-19: Impact on the Commercial Property Industry

Working from home has become the norm for many people in South Africa.  We all had to adjust to online meetings, and applying new methods of communication to get our jobs done.

But how has the idea of a home office affected people?- According to the results of a recent survey that was conducted in Europe, it is apparent that there is a large percentage of people who prefer to work from an office.

Aside from the many distractions at home, there are other factors at play like the phsychological effects of not being able to interact, share or communicate with your team mates in the same way that you would in an office environment.

Some industries are effected in more ways than others.  For example-  in the advertising industry, working as a team to complete a creatively driven task will be much better implemented on a face-to-face interactive basis that can not be fully achieved via an online conference call.

Other industries that employs a large percentage of sales staff, may feel that they can benefit from utilising less office space, and that their staff can work remotely.

We have no doubt that there will be a massive change in the commercial requirements of businesses once we start to phase through the restrictions of the lockdown.  Office space may need to be increased due to the social distancing protocols, or decreased to reduce rental costs.

Our services include:

• Assessing your current rental costs and comparing it to current market trends.
• Procurement of premises that better suit your requirements in terms of space and lay-out.
• Providing a service to ensure that your workspace complies with Covid-19 preventative regulations.
• Re-assessing your current office lay-out to increase utilisation of the space to its fullest potential.
• If you own a property and wish to sell it on a lease-back basis, we can assist you to find a buyer.

In these uncertain, yet hopeful times, we are happy to assist best we can to resolve any challenges that you as a business owner may have.

Remember- you are not alone!

Contact one of our experienced brokers today!