Will SA real estate survive the ‘office apocalypse’?

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Office downsizing has important financial implications for the commercial real estate sector. And it raises critical questions about the investment case for offices as an asset class.

“Commuting to office work is obsolete. It is now infinitely easier, cheaper and faster to do what the 19th century could not do: move information, and with it office work, to where the people are.’’

These prescient words were written 33 years ago by the late US management consultant and author Peter F Drucker, in his 1989 book, Managing for the Future. Little did he know it would take a pandemic to force employers across the world to adopt remote working policies. ..

 

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