Demand for industrial property is strong, says Growthpoint

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Company continues to optimise its portfolio and dispose of noncore assets

SA’s largest property company, Growthpoint, says that with rising demand for industrial properties, it is experiencing good leasing activity in KwaZulu-Natal and the Western Cape.

Driven by growth in online retail and demand for warehousing and logistics facilities for the year to end-June 2022, overall vacancies reduced from 9.4% in June 2021 to 5.7%, with the two provinces recording vacancies of about 2%. Gauteng recorded 7.8% excluding structural vacancies...

 

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Yes I agree the demand for warehousing logistics industrial property is great increasing

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