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Research

Report

JLL SA Cape Town Office Market Outlook Q1 2014


​Highlights

  • The Cape Town office market conditions are characterised by moderate demand, limited to no rental performance and high vacancies
  • Given the unexciting economic outlook, take-up activity in the office sector is expected to continue to be driven by local relocations rather than much needed business growth and new businesses in the economy.
  • The completions of development projects due this year are likely to put a lid on rental performance and worsen vacancies.

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