Q4 2019 Johannesburg Office Market Report
The Johannesburg office market showed some improvement during Q4 with a continued recovery after the poor results earlier in the year. Whilst this seems positive, almost all nodal YoY rental growth fell below the 6% construction-cost inflation which ultimately lowers the feasibility of new developments. Decentralized grade-A rental growth was up 2% from the previous quarter to 4%, however, B and C grade offices were generally hardest hit by the lower levels of demand since occupiers are able to secure competitive rates for better quality space.
Click "Download" to read more in our report.