Office Property Market

SA office spaces are all dressed up - with no one to fill them

Property funds have struggled to fill office vacancies this year with few companies seeking new office space, given the lack of new businesses opening in SA in a weak economy.

Nedbank Capital backs Stats SA's new Head Office Project

Statistics South Africa (Stats SA) has boosted its financial resources for development of the R1,4 billion new head office accommodation project through a R1,15 billion loan from Nedbank Capital.

Sandton Property Investment shows no sign of slowing down

It is hard to believe that in the 1960s the greater Sandton area consisted of mostly semi-rural areas and was associated with horses and country estates.

City of Cape Town to buy solar power from an Office park

The Black River Park, an office park in Cape Town with tenants including Sunglass Hut, Gijima and Brandhouse, has completed an expansion of its solar photovoltaic (PV) power generation facilities and will be selling its surplus power to the City of Cape Town.

Discovery raises eyebrows with R2.5bn sustainable global Head Office

SA’s private medical aid scheme and life assurance group, Discovery is progressing on its new environmentally-sustainable global headquarters office development in Sandton at a cost more than R2.5 billion.

Hopes for Office Sector revival as vacancies hit nine-year high

The corner for South Africa's office market still seems some way away from turning into positive territory, with vacancies in major centres continuing to run at fairly high levels.

City of Joburg sets aside R103m for office building upgrades

In a budget presented by the City of Johannesburg finance manager, Geoffrey Makhubo, on Tuesday announced R103m had been set aside for the facelift and upgrading its council chambers office in Braamfontein.

Gautrain and traffic congestion a fillip for Joburg’s Northern office nodes

Gautrain rapid rail network is drawing interest in commercial property investment as well as new developments around the station precincts, notably in Johannesburg’s prime northern nodes of Bryanston, Rosebank, Sandton and Midrand.

SA Office Sector still facing an Uphill Battle to Recovery

Other commercial property markets have seen impressive turnarounds in the midst of South Africa real estate recovery, particularly in Retail and the Industrial sectors, but the Office Market continues to languish as fewer companies place a premium on office space.

South African Office Property Recovery Stays Slow

Although vacancies have reduced, the South African office property market continues to struggle due to slowing economic growth putting significant pressure on small and medium-sized businesses.

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