Improvement in Western Cape business confidence and economy may have boosted the office property sector
The office property market, characterised by high vacancies and oversupply, is starting to see a slight improvement as demand for space in Cape Town is starting to pick up when compared to Johannesburg.
For the second quarter of 2022, gross market rentals for decentralised A-grade offices nationally fell 1% in nominal terms, according to the Rode Report. Vacancy rates improved slightly to 14,2% from 14,7% in the first quarter of 2022. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CITY OF CAPE TOWN: Cape Town Mayor Hill-Lewis wants to shift approach on homelessness from law enforcement to care interventionAfter becoming Cape Town’s youngest mayor in November 2021, Geordin Hill-Lewis said his biggest challenge was to solve homelessness, so he focused on fast-tracking social housing projects.
Read more »
Things to do in Cape Town, plus epic deals currently on offerWhether you’re looking for thrilling outdoor adventures, the best restaurants, accommodation, or things to do with kids, couples, alone, or on a budget, check out these things to do in Cape Town – and Daddy's Deals is making it that much more affordable for everybody.
Read more »
Meet the girl on a mission to turn strangers into friends in Cape TownWhat initially began as a newcomer to Cape Town's journey to meet friends, soon became a meeting point for strangers to connect with each other at gorgeous locations. We caught up with TikTok's best friend:
Read more »
Underrated Cape Town: Fideli's is one of the best city secretsThe days of gatekeeping are outdated, and the spotlight is turning to underrated gems. Here’s the tea on one of the best-kept secrets in the Mother City – Beer Garden, deli and all things merry, this is Fideli’s:
Read more »
Cape Town refuse collections back to normal on MondayCapetonians who have been scratching their heads in confusion over the irregular refuse collections recently will be happy to know everything is set to go back to normal:
Read more »