Property owners and Reits are still battling with double-digit office vacancies as hybrid work becomes a permanent feature in SA. A Venture Workspaces survey of 94 SA companies has shown that 60% of the respondents have embraced the hybrid work model, choosing coworking spaces as their new places of work. Additionally, 44% of the respondents have made a resolution never to go back to the constraints of traditional offices. Sapoa’s Q3:2023 #Office #Vacancy Report finds that the overall vacancy rate was 16.4%, a slight improvement from the worst-ever level of 16.7% in Q2.