Wolf Money(Office and retail space demand)
SHARES OF OFFICE LANDLORDS SURGE ON EXPECTED RETURN OF OFFICE WORKERS Office I find the BT headline puzzling. Did the landlord start charging rental by number of people returning to office? Against popular belief of a recovery in demand for office space. I predict multi years of sub par demand for office space due to WFH,hot desking and co working trend continuing after covid 19. A source close to me had indicated their company plan of slashing office use by 50 percent within the next couple of years. CFO must be thinking why do we need to pay millions and millions of dollars to keep my employees in office. WFH and hot desking will cut office use by 50 percent. In process saving company millions. Mind you. That is only for one company, imaging many companies right sizing their office needs. Food for thot? Office? What For Huh? Retail There is an introduction of code of conduct for leasing of retail premises in Singapore In June 2020, a Fair Tenancy Pro Tem Committee was set up und...