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Industrial occupation has continued to be supported by local trade activity in Q1 2015, despite it having come under increased pressure in recent months. Hence the average rental rate for industrial properties remained largely unchanged at R48.0/m2 in Q1 2015.
Economic conditions forewarn of a further deterioration in industrial activity in the economy. Nevertheless, this presents an opportune moment for tenants to position themselves for the long term.
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25 May 2015