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Cape Town Office Market Overview Q1 2016

​Over 18,000m2​ of office accommodation was taken up in Q1 2016, indicating stable levels of office demand in Cape Town. The office market saw no change in the vacancy rate of 7.2% from Q4 2015. However, vacancies declined in Grade P accommodation, while marginal increases were recorded in Grade A and Grade B properties. Oversupply may be a real concern in the short term if demand begins to slow as a result of the decline in business confidence in the economy.

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