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Demand in office accommodation showed improvement in Cape Town during Q4 2015, providing a positive start to 2016. The overall Cape Town office vacancy rate declined to 7.2% in Q4 2015 from 9.0% in Q3 2015. The presence of major financial institutions continues to establish a financial district in the northern CBD/ Foreshore attracting both local and international tenants who are increasingly viewing Cape as a strategic location.
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09 February 2016