If you add together all the office buildings in Sandton and Cape Town’s CBD — two of SA’s largest business nodes — the total rentable floor space comes to a hefty 3-million square metres. That’s exactly how many square metres of offices are currently standing empty across the country.
This unused space has pushed the official office vacancy rate to a record 16% for December, according to the most recent quarterly office vacancy survey by the SA Property Owners Association . That’s up from 11.6% in the pre-Covid days of March 2020, and 100 basis points above the previous high of 15% in 2003...
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Property developers get behind SA’s office-to-flat conversion spaceIndustry players are finding new uses for empty office space, which has reached alarming proportions across SA’s major business hubs
Source: FinancialMail - 🏆 20. / 63 Read more »
Property developers get behind SA’s office-to-flat conversion spaceIndustry players are finding new uses for empty office space, which has reached alarming proportions across SA’s major business hubs.
Source: FinancialMail - 🏆 20. / 63 Read more »
Property developers get behind SA’s office-to-flat conversion spaceIndustry players are finding new uses for empty office space, which has reached alarming proportions across SA’s major business hubs.
Source: FinancialMail - 🏆 20. / 63 Read more »
Property developers get behind SA’s office-to-flat conversion spaceIndustry players are finding new uses for empty office space, which has reached alarming proportions across SA’s major business hubs.
Source: FinancialMail - 🏆 20. / 63 Read more »
TFG betting R2.35bn on your homesTFG is being approached by property developers to fit out and decorate entire apartment blocks and developments.
Source: FinancialMail - 🏆 20. / 63 Read more »