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Current activity in the Durban industrial property market emphasises a shift in accommodation requirements by occupiers, with an increased interest in logistics facilities. Durban’s key location as a hub for South Africa’s trade activity is indicative of the rapid growth in average rentals and the strong demand for space in the trade zone. Sound interest from international retailers expanding in South Africa is also boosting demand. So despite a weak economic climate, demand for space remains robust and the short supply of high-tech accommodation is contributing to rental growth.
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22 March 2017