Assessment of Void Management Strategies (VMS) in Multi-tenanted Office Property in Lagos State, Nigeria

Authors

DOI:

https://doi.org/10.15641/jarer.v7i2.1148

Keywords:

Office, void, Nigeria, Lagos, Multi-Tenanted, Management, Void Management

Abstract

The study assessed void management strategies adopted by Estate Surveying firms in multi-tenanted office properties in Lagos, Nigeria

Primary data were collected with the aid of questionnaires from estate surveying firms in the study area. in line with the Directory of the Lagos State branch of Nigerian Institution of Estate Surveyors and Valuers (NIESV). Seventy percent of this population representing 223 firms were selected randomly for the study and found useful for the study. Data obtained were analysed using frequency table, mean, mean deviation and mean ranking.

The study found out that void eradication strategy of adherence to vacation clauses and regular advertisement were the most frequently used strategies, probably due to their cheapness and effectiveness.

Keywords: Void, Void Management Strategies, Multi-tenanted Properties 

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Published

2023-01-20

How to Cite

ALUKO, B., Ojediran, A. O., & Oladokun, T. . T. (2023). Assessment of Void Management Strategies (VMS) in Multi-tenanted Office Property in Lagos State, Nigeria. Journal of African Real Estate Research, 7(2), 61–75. https://doi.org/10.15641/jarer.v7i2.1148

Issue

Vol. 7 No. 2 (2022): Journal of African Real Estate Research

Section

Research Articles

License

Copyright (c) 2022 Bioye ALUKO, Akeem Oyelere Ojediran, Timothy Tunde Oladokun

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source.