A message of confidence

Despite the city’s water crisis, vacancies in several nodes across the Cape Town office market are down to levels rarely seen. That said, there is evidence that the five-year upward trend in rental rates is beginning to slow down, with most areas likely to have reached their peak rates. Within this environment, developer confidence is strong. The pipeline in Cape Town has increased to 63,000m² in Q1 2018, almost doubling from 35,000m² in Q4 2017. With projects going ahead, this sends a strong message of confidence in the city.

Original article and author acknowledged, for full report, click on https://propertywheel.co.za/2018/06/jlls-q1-2018-market-report-main-office-industrial-and-retail-markets/

by PropertyWheel_GLP,

edited by Wendy Wentzel, Rawson Commercial Blaauwberg