Monday, 09 November 2015 13:51

No end in sight for construction sector woes

The collapsed pedestrian bridge on the M1 highway in Sandton is an unfortunate metaphor of what the sector is going through at present.

Thursday, 18 September 2014 19:59

Repo rate unchanged, GDP forecast revised down

The Reserve Bank on Thursday kept the repo rate unchanged at 5,75% per annum amid concerns over inflation and economic growth.

The most recent SAPOA OVS survey as administered by IPD shows that as at Q2 2012, the aggregate national office vacancy rate maintains a modest upward trajectory having now increased over the past six quarters. The q-o-q change represents a further 12bpp increase and a new cycle high of 10.47%. The increase represents a 166 bpp growth on two years ago and a 43bpp increase on a year ago. The trend over the past two years still indicates that the rate of increase has been relatively modest, although the latest increase suggests that office vacancies could remain under pressure and there are no clear signs, economic or otherwise, that this will tapper off in the short term.

At a city level Pretoria and Port Elizabeth (not shown) are moving in a generally downward direction and although Pretoria has seen a fairly big jump, it still is the lowest of all the Metros. Joburg and Cape Town are relatively stable although Joburg is operating at less than 100bpp above that of Cape Town whereas this was substantially higher in the past. Although Cape Town's levels have hardly moved much around the 8% level over the past two years, it is now approaching the 10% mark and given that the survey excludes 'C' grade space this may be cause for concern. Durban's rate has come down marginally but remains the highest overall.

Prime space continues to perform substantially better than lower grade stock with "P" grade offices trending below 2% and "A" Grade below 9%. Negative take up appears to have impacted "B" grade offices the most judging from the trend; and from the fairly volatile trend, C grade space appears to be the subject of refurbishing strategies undertaken by landlords in pursuit of the Prime grade market.

We highly recommend that managers/funds with office assets consider listing their stock on eProp to improve their chances of letting and selling.

Published in Blog

The property world and business environment is changing in tandem with macro global forces and micro market nuances. This is just one of a number of themes that eProp picked up at the IPD conference in Cape Town South Africa over 18-19 July 2012.

Published in Blog

The publishers of Asset Magazine are now broadening their offering with the introduction of Who’s Who in South African Real Estate 2013 – an online directory of companies, professionals and service providers in the wider South African property industry.

How strong is your company’s online presence? Do you get the hits you want on your web page? Have you spent time and money putting together an online message that not enough people are seeing?

Over the last few years, interesting developments have occurred with regards to municipal valuations of properties and how this determines commercial property owners’ Rates & Taxes liability (R&T’s).

When tackling problems with rates and taxes on commercial properties, “Get the balance the right” (Depeche Mode, mid 80’s), is a tune that rings true regarding advice offered to investors

There is a desperate shortage of affordable rental stock in the Bloemfontein/Manguang Metro area, with flat rentals continuing to rise strongly despite the general weakness of the economy.

Friday, 08 June 2012 12:30

Frank Reardon

“I am delighted that eProp has launched a new site and have no doubt that it will continue to serve the needs of all stakeholders in the commercial property industry as it has from inception. It's quality news, research and property information will undoubtedly continue to provide the industry with the most comprehensive information platform.”

Frank Reardon, Terrafirmanet

Published in Testimonials
Thursday, 07 June 2012 09:31

Stan Garrun

Over time IPD South Africa has formed a very good relationship with eProp in terms of our use of the site, in collaborative work, and as an advertiser. We have always worked well with the company and its staff. We commend the eProp portal and its services as being well tuned into and focussed on the Property Industry by providing an immense ‘one-stop’ news source, as a purveyor of quality research and statistics, and as hosting state-of-the-art commercial property listings and other online products. In our view the company makes an important contribution to property industry data and business information.

Stand Garrun, IPD SA Managing Director

Published in Testimonials
Wednesday, 06 June 2012 15:30

Les Weil

It is most pleasing to note the upgrading of eProp’s offering to the market. We have always found your services particularly useful and cost effective. In my view there is also much benefit derived from the industry statistics and other information contained in your offering.
Good wishes for continued success.

Les Weil,Chairman: JH Isaacs Group Holdings (Pty) Ltd.

Published in Testimonials
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