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2016 Q3 Cape Town Office Market Report

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2016 Q3 Cape Town Office Market Report

HIGHLIGHTS FROM THE CAPE TOWN OFFICE MARKET REPORT Q3 2016:

  • Total office accommodation has seen a marginal increase of just 3.3% y/y from Q3 2015, despite numerous new building completions.
  • The lack of new entries into the market suggests that demand is limited, therefore, landlords are competing for existing occupiers.
  • Both Grade A and Grade P accommodation achieved a rental growth rate of 8,0% y/y% in Q3 2016, well above the prevailing inflation rate.
  • The overall vacancy rate showed a marginal decline to 7,6% in Q3 2016 from 7,8% in Q2 2016.

The Cape Town Office Market Report is published in association with JLL. 

Cape Town Industrial Property Market Report Download

Author: Dave Russell / Zandile Makhoba

Submitted 22 Nov 16 / Views 390