2016 Q3 Cape Town Office Market Report

Cape Town City Scape At Night (Custom)

Highlights from the Cape Town Office Market Report Q3 2016:

  • Total office accommodation has seen a marginal increase of just 3.3% y/y from Q3 2015, despite numerous new building completions.
  • The lack of new entries into the market suggests that demand is limited, therefore, landlords are competing for existing occupiers.
  • Both Grade A and Grade P accommodation achieved a rental growth rate of 8,0% y/y% in Q3 2016, well above the prevailing inflation rate.
  • The overall vacancy rate showed a marginal decline to 7,6% in Q3 2016 from 7,8% in Q2 2016.

The Cape Town Office Market Report is published in association with JLL. 

Cape Town Industrial Property Market Report Download

Back
 

Tags: , , , , ,

Follow

Get every new post on this blog delivered to your Inbox.

Join other followers: