🛫Kempton Park head office of defunct airline Comair is set to go on auction next week. comair TheCitizenNews Catch up on the story here⬇️
Its former head office is now in search of a new owner – but the state of the local office market is a concern for the auctioneers.“Our [value] estimation is anything between R8 million and R12 million but the market for office buildings is rather depressed right now,” says Van’s Auctioneers.
Local developers and property owners are battling elevated office vacancies as companies look to strike a balance between employees who prefer to work from home and those who have to be at the office. “We’re starting to see with the large property companies like Redefine and Growthpoint that the better-quality office rentals have been a lot firmer in the last 12 months, especially around the Sandton and Rosebank nodes and we’re seeing potentially a moderation in reversions,” he added.
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