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Johannesburg Industrial Market Overview Q4 2015

​The vacancy rate in Johannesburg’s industrial accommodation declined to 8.3% in Q4 2015 from 9.9% in Q3 2015. Compared to 2014, rental rates declined by an average of 4.2% in the Johannesburg market. Low demand has created favourable conditions for tenants. Weak global demand remains an obstacle to export activity while the depreciation of the Rand is likely to contribute to a decline in imported goods. Together, these point to weaker demand for industrial accommodation in the year ahead.

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