Despite of the poor performance of industrial stand values in the country overall, due to declining economic confidence, those in the East Rand and Cape Peninsula still managed to enjoy real growth in the second quarter of 2017.

A “lack of vigour” may be the best way to describe current performance across the full spectrum of property in South Africa.

Property valuation firm Rode & Associates, has been honoured with top awards from the authoritative publication Professional Management Review (PMR.africa) in this year’s 2017 PMR.africa rankings.

Property valuation firm Rode & Associates, has been honoured with top awards from the authoritative publication Professional Management Review (PMR.africa) in this year’s PMR.Africa rankings.

For now, the current cooling in the growth of retail sales volumes and contracting import volumes do not bode well for the demand for warehouse space to rent, and consequently market rentals.

Prevailing weak and low levels of business sentiment are set to keep the demand for industrial space at bay, and the outcome of this will be continued moderate growth in market rentals for industrial space, says Rode & Associates.

The sentiment levels of consumers are sliding, which is not good news for the retail property market.

Nationally, office vacancy rates are finding it hard to drop. And, given the under-performance of important drivers of office demand, a sudden improvement in office vacancy rates should not be expected.

There is surprisingly still some life in the industrial property market because few speculative buildings are erected, in contrast to the office-building market.

At the end of last year, house prices in Cape Town and Bloemfontein were accelerating, while the exact opposite was happening in Port Elizabeth this according to the latest Rode’s Report on the SA Property Market.