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Office vacancies in Century City drop to 7,4%

The continued strong take up of office vacancies at Century City has seen almost all new stock being mopped up and overall vacancies dropping to 7,4% in April from just under 10% in January this year and 12,1% in the fourth quarter of last year.

Jason Elley of Rabie Property Group, the developers of Century City, said of the 45 000 square metres of new office space that had come on stream in the precinct since November 2015, only 1040 square metres remained to be let.

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