1 min readMay 13, 2020
Only 10% of office space in use (BBC)
Office and retail landlord Land Securities has said less than 10% of its office sites are being used as people work from home.
Many companies are struggling to pay the rent, it said, with 63% collected within 10 days in March and early April compared with 94% a year ago.
Things may get worse next month when it comes to rent collection, it warned, as its clients struggle with lower sales.
Its comments came as it reported a £837m loss for the financial year.