Trends in Cape Town and Johannesburg property market
The office sector has been out of favour for the past few years, but there are some positive signals in retail while industrial property sector shifts to clean properties focussed on light manufacturing as heavy manufacturing struggles.
This is according to JLL South Africa Q3 2016 research reports which looks at Cape Town office and Johannesburg office, industrial and retail markets..
In the retail market, despite the slowdown in new builds, with the perception of oversupply, some of Gauteng’s biggest malls, such as Menlyn Park Shopping Centre and Eastgate Shopping Centre, are getting even bigger.
Author: Property News