Many people’s first thought of Precinct Properties is as the owner of prime office buildings. Office, as a sector, has had its challenges, particularly through COVID. What is the state of the office market today, and how are things like working from home impacting your business?
There’s definitely a two-tiered market in both Auckland and Wellington. What we’ve seen since COVID is a real flight to quality. Businesses have recognised that in order to optimise their workforce’s productivity, they are better off having their workers in the office the majority of the time.