The fundamentals of SA’s office property market, characterised by high vacancies since early on in the Covid-19 pandemic, have improved slightly but the sector remains under pressure.
For the fourth quarter of 2022, gross rentals for decentralised A-grade offices increased 3% year on year. Rental growth for 2022 rose to 1.1% after a two-year fall due to the pandemic, according to the Rode Report for the fourth quarter of 2022...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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