Demand for secondary offices set to fall, new Landsec boss warns

摘要

The chief executive of one of the UK's largest property companies has warned that demand for secondary office stock will plummet as a result of the Covid-19 pandemic. Speaking to Property Week, Landsec's chief executive Mark Allan said that demand for prime offices with the capacity to offer better air quality, outdoor space and more agile workspaces would rise, leading to less demand for secondary stock, which would see higher vacancy rates and more redevelopment activity.