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Optimism in the market due to the projected global growth is expected to lift the mood in the South African commercial real estate sector, but the impact of such a recovery is expected later in 2014 as both business and consumers are still struggling with the high cost environment. Persistent high vacancies continue to add pressure in the office market and are further exacerbated by the increasing choice of office buildings from new developments. The industrial sector realised a sharp increase in completed development projects which provided much needed quality facilities in key nodes.
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11 February 2014