The office sector appears to be definitively turning the corner, particularly the top end, with the latest survey from SA's largest commercial property association showing an eighth consecutive quarter of improving vacancies.
The South African Property Owners' Association's latest office vacancy survey that these improvements were coming at the expense of rental growth, but asking rentals also eked out 0.8% in the three months to end-June as well. "While this is still well below inflation it may signal that demand is currently closer to supply than it has been since before the pandemic," the association said. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
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