Economic forecasters agree that the world is currently in a stagflation cycle with the possibility of a recession on the cards, he said. “And considering that we are only just now emerging from the disruption of the pandemic which significantly impacted the commercial sector, what landlords do – or don’t do – during the next year will have a considerable impact on their investments.”
“In fact, we are starting to see a very high buying demand, with the total value of our current enquiries now standing at R1.04 billion and, bucking the recent trend for industrial properties demand to significantly outweigh other sectors, the majority of our recent queries have been for office space and retail premises.
“The industrial sector, which was dominant before the pandemic, has remained robust, although a notable shift has been the growing demand for ‘big box’ industrial spaces rather than the small-to-medium sized properties which were more popular prior to lockdown. He lists the high-value hubs in Cape Town as being: Airport Industria, Bellville, Boquinar, the CBD , Century City, Epping 1 & 2, Goodwood, Milnerton, Ndabeni, Parow, Westlake, Woodstock and Wynberg.