1st Quarter 2021 FNB Property Broker Survey of Rental Market Conditions – Brokers perceive recovery in Industrial and Retail market activity, but little sign of rising activity in the Office Market.

The 1st Quarter 2021 FNB Commercial Property Broker Survey component that surveys broker perceptions of buying/selling market activity by major commercial property class, continued to show rising activity ratings in all 3 classes, i.e. the Industrial, Retail and Office Property Classes.

With the news recently in that Eskom will be hiking electricity tariffs by 15.63% from April, commercial and retail tenants will be bracing for increased strain on already tightly stretched budgets.

During the COVID-19 pandemic, property stocks in general took a significant hit, where retail and commercial office space – and even some industrial property holdings – were affected. In contrast, lower-income affordable housing – and inner-city housing in particular – has performed better than most other property markets in South Africa over the same period.

We continue with the 4th quarter 2020 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in and around the 6 major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.

In this note, we continue with the 4th quarter 2020 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in the 6 major metros of South Africa, ie. City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.

Real estate has long been a rewarding sector of the financial markets. Like all sectors, share prices and the underlying fundamentals of commercial property assets weakened in early 2020, as South Africa and the rest of the world came to grips with managing through the pandemic, with some sectors suffering more than others.

Attacq, the Real Estate Investment Trust (REIT) and developers of Africa’s largest mix–use development, Waterfall are pleased to announce the appointment of its Chief Development Officer, Giles Pendleton as the new Chairman of the Green Building Council South Africa, replacing outgoing Chairman IIse Swanepoel.

Competing against real estate companies from around the country, this is the 14th year that Pam Golding Properties has received the prestigious 5-Star award for ‘Best Real Estate Agency in South Africa’ (over 20 offices) in the world-renowned International Property Awards.

A silver lining amongst the many dark clouds dominating South Africa’s current economy is, thanks to recent interest rate cuts, commercial real estate - especially purpose-built quality logistics assets supporting the ongoing e-commerce boom in the country.