The “great divergence” of the office sector is on its way and it will deepen the divide between the haves and the have-nots in the market.
Covid-19 has accelerated the flight to quality trend across the office market and JLL head of strategic research Annabel McFarlane says B-grade assets risk becoming stranded assets.
“B-grade assets will need capital expenditure to remain relevant,” McFarlane says.
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