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• Increasing costs pressure continue to burden the South African business community and the already indebted consumers• high operating costs are causing tenants to continually scrutinise costs. • There is increasing commitment to development projects in sought after areas• Vacancies expected to increase further in the office market due to increased office supply• Contrary to the office sector, there is limited choice for industrial units as vacancies are declining. However current demand for prime product is not translating into higher rentals as occupiers are cautious of high costs.
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01 August 2013