Q1 2020 Johannesburg Industrial Market Report
South Africa’s weak economy began to put real pressure on the industrial market in 2019 despite this sector having been resilient up until then, and Q1 2020 continued to show the effects. Slowing rental growth and rising vacancy rates comes at a time of record low business confidence and struggling manufacturing and retail sectors. That being said, we are seeing growing demand for distribution facilities with modern features which allow for more efficiency and lower environmental impacts. With Covid-19 now in play, the industrial sector’s endurance shall be tested.