Latest Cape Town Industrial Report
Our previous Industrial Market Outlook from 2017 highlighted uncertainty across all market sectors, with most industry stakeholders approaching real estate options conservatively – evident in major tenants delaying their decision-making process. However, our latest data and property trends support an air of renewed confidence in South Africa in light of recent political events and a revised Sovereign Credit Rating by major ratings agencies. In particular, we are seeing an increased appetite for investment with owner-occupiers seeking to build their own bespoke property solutions and tenants expanding their business by leasing more space in their immediate surrounds. The trend is further supported by a decrease in vacancies of older properties across most industrial nodes.
Author: Marketing Manager