Exclusive Office Market Report Q2
Highlights from this report:
- The conversion of Triangle House and other residential redevelopments in the Cape Town City Bowl positively influenced the dynamics of the office market in Cape Town.
- The overall vacancy rate reduced to 8,1% compared to 9,2% in quarter 1 in 2015 – this is the lowest vacancy rate in the various South African metros surveyed by SAPOA
- Rental rates improved by an overall average of 5,7% year on year, with grade A buildings driving much of the growth.
To download and read the full report, CLICK HERE
The report is compiled by Jones Lang LaSalle and Dave Russell from Baker Street Properties.
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