Research

Johannesburg Office Market Dynamics, Q2 2024

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

September 05, 2024
Contributors:
  • Mieke Purnell

The sector in general remains over-rented, and negative reversions are set to continue over the near–term. The gap is, however, narrowing, especially in nodes with newer stock. 

Various nodes starting to reflect a rebalancing of demand and supply, with older assets being repurposed. 

Stronger demand for move-in ready space (at higher rentals) is seeing a shift toward property owners ‘retailing’ office vacancies where possible.

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