Research

Durban Office Market Dynamics, Q2 2024

Summary and analysis of Durban's current office real estate market conditions.

September 12, 2024
Contributors:
  • Mieke Purnell

Enquiries are still being received from BPO and related operators, however there is a shortage of suitable stock available for letting in desired nodes.

Existing vacancies are bordering both structural and systemic in nature, given niche demand fundamentals and lackluster economic conditions.

Changes in supply stem from stock being removed from the inventory and converted to alternative uses. Limited new office development is anticipated.

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