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Research

Report

Johannesburg Real Estate Overview - Q1 2012


The research team presents its Q1 2012 report on the Johannesburg Commercial Real Estate market. Main findings of the report are as follows:

  • Uncertainty in the local and global economy, risks to the inflation outlook and low levels of construction activity is dampening prospects for growth. However, recently announced spending on infrastructure projects could boost prospects for much needed jobs.

 

  • Large business growth and investment injection is required to realise robust activity and market demand in the industrial market and attract new large occupiers to create property activity last seen pre-recession.

 

  • The commercial market is beginning to favour landlords in the prime office accommodation as they are beginning to achieve asking gross rentals and reduced vacancies albeit limited speculative completions.

 

  • Although investors are starting to commit to speculative developments in anticipation of a turnaround and vacancies have reduced, the industrial market still favours occupiers indicated by shorter lease tenure and lack of robust rental growth.

 

 

 
 

 

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