Johannesburg Commercial Property Overview – Q1 2012

Posted On Saturday, 02 June 2012 00:00 Published by
Rate this item
(0 votes)

The commercial market in Johannesburg is beginning to favour landlords in the prime office accommodation as they are beginning to achieve asking gross rentals and reduced vacancies albeit limited speculative completions

Uncertainty in the local and global economy, risks to the inflation outlook and low levels of construction activity is dampening prospects for growth. However, recently announced spending on infrastructure projects could boost prospects for much needed jobs.

Although investors are starting to commit to speculative developments in anticipation of a turnaround and vacancies have reduced, the industrial market still favours occupiers indicated by shorter lease tenure and lack of robust rental growth.

The attached report details the following:
•         Economic outlook and implications for property
•         Office market overview (including vacancies, available space, rental performance and current developments underway)
•         Industrial market overview (Demand, rental performance and current developments underway)

Last modified on Monday, 04 June 2012 18:03

Most Popular

Empowering women in engineering through B-BBEE

Jan 13, 2020
Andrew Yorke
Working to embrace the spirit of transformation and developmen.

Repo rate cut by 25 basis points

Jan 16, 2020
The Reserve Bank has reduced the repo rate by 25 basis points to 6.25% in line with…

Health & Safety key drivers for Concor at Oxford Parks project

Jan 13, 2020
Godfrey Baloyi Bennie De Koker Concor Buildings HSE
Health and safety are key drivers for Concor Buildings at the construction of Oxford…

Cheap cement imports crippling local industry

Jan 16, 2020
Databuild CEO Morag Evans
Local cement manufacturers are being severely undermined by cheap imports from countries…

The rising tide of the silver economy

Jan 16, 2020
Chris Cilliers
Whilst we may not yet have discovered the long-coveted elixir of eternal youth, the truth…

Please publish modules in offcanvas position.