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Research

Report

Johannesburg Office Market Overview Q3 2014


Highlights

  • Prime nodes continue to dominate take up activity in the office sector, indicating that occupiers are still prioritising quality office accommodation.
  • Vacancies in the overall market reached new highs this quarter, stimulated by the additional stock and subdued demand for office accommodation in decentralised office nodes.
  • Pressure in the Johannesburg office sector is expected to continue, unless the economy turns the corner and drives demand for office accommodation.  This market uncertainty will keep rentals under pressure with vacancies expected to remain high. 

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