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Message: [QUOTE="Queen, post: 87258, member: 27"] Empty desks are gutting Zimbabwe’s city centers while suburban blocks cash in on the office exodus. CBD slump and investor exit [LIST] [*]Knight Frank flags Harare CBD vacancies hovering near 60 percent. [*]Bulawayo’s core is not far behind, sitting around 40 percent. [*]Rising crime and busted infrastructure are pushing investors to dump towers. [*]Multiple multi-storey buildings are circulating for sale as landlords tap out. [/LIST] Suburbs eat the CBD’s lunch [LIST] [*]Knight Frank shows suburban offices pulling about 9 percent yields. [*]CBD properties lag around 6 percent, trailing Zambia and South Africa. [*]Nodes like Newlands and Mt Pleasant are pulling in corporate tenants. [*]Companies are chasing shorter commutes and lighter municipal headaches. [/LIST] Why companies are bailing downtown [LIST] [*]Macroeconomic strain keeps occupier appetite pretty weak. [*]Exchange rate swings have nudged some CBD landlords to jack up rents. [*]Hybrid-friendly layouts are easier to find outside the center. [*]Congestion downtown keeps draining time and patience. [/LIST] Banks build shiny new hubs [LIST] [*]Afreximbank anchors Harare Trade Centre with 4000 sqm at 30 dollars. [*]Stanbic Bank and First Capital Bank rolled out polished headquarters. [*]Ecobank and CBZ Bank added solar, boreholes, and brighter interiors. [*]Most fresh builds are kept for owner occupation, not leasing. [/LIST] Quality up, but diversity squeezed [LIST] [*]Financial institutions are basically setting the tone for asset standards. [*]Premium-focused projects leave small businesses fewer realistic options. [*]Analysts warn that tenant variety shrinks when everything targets top-tier players. [*]Mixed-use energy takes a back seat to institutional-grade space. [/LIST] The broader property sector still grows [LIST] [*]Tigere Property Fund pegs sector growth around 5 percent in 2025. [*]Urbanisation and housing demand are propping up activity. [*]Diaspora cash and infrastructure work are fueling transactions. [*]Retail and offices thrive in suburbs while the CBD leans informal. [/LIST] [/QUOTE]

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