The trend by institutions and large property owners towards the outsourcing of non-core business functions is demanding new standards of technical skill and service levels from property managers. 

The trend by institutions and large property owners towards the outsourcing of non-core business functions is demanding new standards of technical skill and service levels from property managers.

Vacancies must be addressed

The following is a short synopsis of some of the trends and factors influencing the property market in the CBDs of Gauteng and its decentralised suburbs. This summary should shed some light on the reasons for the rate of office vacancy. 
Panellists generally agree that the recent spate of speculative development has come to a close as evidence of some buildings that have long been completed it becomes increasingly apparent that the market is oversupplied.