B Lusaka has experienced rapid commercial property development over the last decade, driven by expectations of sustained economic growth, financial sector expansion, and increased foreign investment. However, recent economic pressures, evolving workplace trends, and changing business preferences have slowed absorption rates for office space, leaving several commercial buildings partially occupied or vacant, particularly in Lusaka District CBD. Speaking in an interview with the Zambian Business Times, ACI Financial Market Association Project Coordinator Blessings Banda further observed that Lusaka’s Central Business District (CBD) has gradually lost its appeal to some corporate tenants due to worsening congestion, limited parking infrastructure, and accessibility...
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