Paul Nyakazeya, Group Digital Editor 
FIRST Mutual Properties (FMP) says the local market experienced supply-demand imbalances that limited space absorption last year.
The company said activity on the property market remained subdued, with consistent demand and supply imbalances affecting pricing and rentals, while subdued macro-economic fundamentals continue to dampen demand for space.
“The property market experienced supply-demand imbalances that limited space absorption. The excess supply of space is mainly historical space redundancy, with the sectors worst affected being the Central Business District (CBD) offices, high-density suburban shopping centres and the specialised industrial sectors,” FMP chairman Edwin Moyo said in the group’s annual report, which was released last week.
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