Voids plague commercial real estate market

in the Central Business Districts (CBDs) of Harare and Bulawayo had fallen to 60 percent and 40 percent respectively.

INVESTORS in Zimbabwe’s industrial and office property sectors have voiced worries about the increasing number of voids.These long-term empty properties have become a structural problem, leading to significant financial losses.In its half-year review, covering the period ending December 2024, the property firm Knight Frank reported that vacancy rates in the Central Business Districts (CBDs) of…

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