Q1 2020 Johannesburg Office Market Report

Figures reported for Q1 2020 demonstrate an office market that continued to struggle with oversupply and negative real rental growth. With this being even before the devastating effects of the Covid-19 pandemic, property professionals remain wary of the subdued picture moving forward. The office market will bear the direct consequences of failing businesses and cost-cutting measures while companies embrace work-from-home (WFH) practices.