Office building boom may be on shaky ground
28 March 2008
With 782866m² of new decentralised office space committed to construction over the next few years in major metropolitan areas, there are concerns that developers might have taken on too much risk. Read more
Commercial buying skills are poor
25 March 2008
As South Africa’s industrial and commercial property boom continues, brokers in this sector are signaling a red light.
Research findings reveal that commercial and private buyers and tenants are not conversant in the art of procuring commercial and industrial properties. Read more
Cape Town Foreshore Transforming
19 March 2008
Cape Towns foreshore has quickly become an extension of the V & A Waterfront. The release of office space at the Convention Tower which was already fully let before occupation was even given to prospective tenants gives you an idea of demand for A+ (Platinum) grade offices in the Foreshore precinct. Read more
Office developers’ uncomfortable risk exposure
14 March 2008 ARTICLE UPDATED
Just as prime office rentals currently lead the pack in decentralized Johannesburg with 23% growth on the previous year, so too is this area leading the pack in committed new office developments. Read more
Cap rates under pressure
12 March 2008
Although survey results from the last quarter of 2007 do not yet show it, capitalization rates for non-residential properties are more than likely under pressure at the moment, says Erwin Rode of property economists and valuers Rode & Associates. Read more
Rough ride for smaller tenants
6 March 2008
RETAIL property is in for a tough year as higher interest rates, an expected tighter economy, electricity supply woes and a drop in consumer demand come into play. Read more
Woodstock shows the face of the new city
6 March 2008
WOODSTOCK, an up and coming area in Cape Town, is getting another shot in the arm through the R230m redevelopment of Buchanan Square and Newmarket Junction by listed property fund manager Madison Property Fund Managers. Read more
CT office park nears completion
4 March 2008
The construction of an office park being developed on the corner of Park Lane and Alexander Road adjoining Vincent Pallotti Hospital on the edge of Pinelands, Cape Town, is nearing completion. Read more
A landlord’s market
February 2008
SA IS the fifth-cheapest office destination in the world, which means that office property rentals are likely to continue rising.
According to the latest global report, Office Space Across the World, by real estate services group Cushman & Wakefield, SA was ranked 54th out of 58 countries when it came to the most expensive office locations. Read more
CT office demand trumps supply
22 February 2008
Until such time as new office developments come on stream, the Cape Town office market will be like a “pressure cooker” as demand outstrips supply. Read more
Western Cape office leases boom
16 February 2008
In the past 12 months Growthpoint Properties Limited has increased its leasing activities in the Western Cape region by 45% compared to the same period in 2006. Read more
How will the electricity crisis affect property?
14 February 2008
Prior to the recent paralysis of the mining industry, most South Africans probably did not fully appreciate the extent of the country’s electricity problems and the implications they hold for the economy — and hence the property market. Read more
Renting still best bet
1 February 2008
Until recently the office sector of South Africa’s property market was generally in the hands of tenants, with an oversupply of office space keeping a firm lid on rental growth. In some cases landlords even had to lower their asking rentals once leases came up for renewal in order to retain tenants Read more
Office/industrial boom to continue
24 Jaunary 2008
According to First National Bank property strategist John Loos there will be a divide in 2008 between the performance of retail property on the one hand and industrial/office space on the other. Read more
Firm buys 3 prime CT properties
24 January 2008
Recently relisted South African property investment and development company SA REIT (SAT) has acquired three additional prime properties in Cape Town for a total of R70m. Read more
Commercial property not next shoe to drop-Deloitte
23 January 2008
The U.S. commercial real estate business remains solid, despite residential market woes and a souring economic outlook, according to a new report by accounting firm Deloitte & Touche Read more
HAPPY NEW YEAR!
We at commercial space would like to wish you every success for 2008. If you are expanding, downsizing or looking for an investment purchase this year or even just need some advise on market related rentals please don’t hesitate to contact us
Office, industrial rents to rise
12 December 2007
The office and industrial property sectors are expected to continue steaming ahead next year with strong rental growth because of low office vacancies
The office and industrial property sectors are expected to continue steaming ahead next year with strong rental growth because of low office vacancies and a shortage of available industrial land. Read more