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News Release

Johannesburg

Johannesburg & Cape Town Q3 reports released

The overview of the markets in Johannesburg & Cape Town for Q3 2014


​The Johannesburg and Cape Town Q3 reports have been released, some of the key highlights for the various sectors are:

Johannesburg office market:

Despite prime nodes continuing to dominate the take up activity, vacancies in the overwall market have reached new highs this quarter. This is a result of additional stock and subdued demand in decentralised office nodes. The market uncertainty will keep rentals under pressure with vacancies expected to remain high.

Johannesburg industrial market:

Despite the welcomed amount of new stock in the market, increasing vacancies and lacklustre demand remain a concern. Rental performance is expected to remain flat for another 12 months.

Cape Town office market:

Activity remains lacklustre, characterised by minimal take-up, flat rental growth and high vacancies. The market conditions are expected to remain flat, therefore maintaining a tenant favourable market.