Zambia – businesses closing in malls resulting in high vacancies, many empty buildings
Lusungu Kayela, Seeff’s principal in Zambia says the market is feeling the effects of the pandemic in numerous ways. Malls are closing, vacancy rates are rising and there are many unoccupied buildings. Residential rentals have seen similar trends to South Africa with tenant payments strained and landlords needing to accommodate where they can. Many middle […]