From a national perspective, office space in all of South Africa’s major business centres is at a premium. With limited speculative development in the past five or six years, most excess good quality stock has been taken up and landlords find themselves in a favourable position
While the demand for new space is high, soaring construction costs, a shortage of skilled artisans and professionals, shortage of vacant land in sought-after locations and rising interest rates are compounding the problem by limiting further developments. Power availability remains a concern for new developments.
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