Covid and the remote-working trend have taken a hefty toll on the commercial real state sector: more than 3-million square metres of office space is standing empty in SA, costing landlords as much as R3.8bn a year in forgone income.
“Commuting to office work is obsolete.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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