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Q2 2017 Durban Office Market Report

The moderate growth in office stock is encouraging, reflecting cautious optimism amongst developers. New stock is concentrated in highly desirable nodes which are showing low vacancies due to high demand. It’s for this reason that the development pipeline is not viewed as a considerable threat to rental growth. With the city’s commitment to upgrading its transport system to interlink certain areas, we anticipate companies migrating to locations of greater convenience and quality. The planned expansion of the BRT to Umhlanga is expected to only boost the nodes desirability.

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