Tag: office occupancy rate
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Office vacancy rate is up to 16.7 percent as at end 2020, higher than even 2008 crisis!
What is office vacancy rate Office vacancy rate (how much office space is not occupied) is one metric used to measure if the demand for office space is sufficient, increasing or decreasing. It could also indicate an acute oversupply of office space if the vacancy rate is 50% for example. This meant that half of…