Steady demand for NCR prime office space

THE anticipated return to office space demand at pre-pandemic levels has been slowed down by the prevailing elevated global interest rates. Another factor is that the unclear policies toward remote work schemes of local Information Technology-Business Processing Management (IT-BPM) companies have likewise stalled their growth and expansion decisions.

These were the findings of the latest report issued by Cushman & Wakefield (NYSE: CWK), one of the largest global real estate services firms with approximately 52,000 employees in over 400 offices and approximately 60 countries.