Business
Slump in office values hits major landlord’s profit – Sydney Morning Herald
The pandemic’s impact on property valuations and the flight of city workers are eating into Australia’s largest office landlord’s earnings.
Dexus chief executive Darren Steinberg said the rise in the industrial sector and a focus to get workers back to the office will underpin results for the full year.
From our discussions with major employers, it is more the exception rather than the rule saying theyre not getting staff to come back, Mr Steinberg said.
He said people wanted to get back to the office because of the culture, the collaboration and innovation that happens there … weve seen a whole generation of graduates that havent…
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