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Workspace rent decline abates but growth return less certain

The flexible office provider is waiting on improving occupancy before increasing pricing
Workspace rent decline abates but growth return less certain
  • Rental values decline on weaker demand from tenants
  • Pricing has started to stabilise and new lettings recover

Occupancy rates trump rents for Workspace (WKP) management. So while the level of enquiries and viewings has returned to pre-pandemic levels over the past two months, a recovery in pricing will be slower. 

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