CBD Office: In terms of current and future demand, business confidence is strong and smaller, local businesses are making decisions on three and five year terms. Larger tenants are slower to commit with many opting for short term extensions. Workers return to the office has been kept to a maximum of 25% by Government decree. The rollout of the vaccine over the final quarter of 2021 can be expected to see the lockdown end and a return to higher levels of occupancy in 2022.
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