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Research

Report

JLL SA Johannesburg Office Market Outlook Q1 2014


Highlights

  • The office market is characterised by the increasing over supply of new stock (particularly in prime areas driven by corporate relocations), rising vacancies and moderate rental growth amid restrained economic growth.
  • Despite the moderate conditions, the prime end of the market continues to show resilience although soon to turn a corner to favour tenants.
  • The property clock is reflective of changing dynamic in the office market where rentals for prime buildings are signalling tenant favourable market conditions.

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