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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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23 September 2017