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Johannesburg industrial property market activity is still dominated by transport and logistics service providers and trade trends remain a focal point for future demand in the Johannesburg market. The local currency has returned to the centre of consumer outlook discussions with the Rand breaching the R14.00/US$ mark in October, after having fallen below R16.00/US$ in January. While discouraging for importing businesses, trade activity shifted towards stronger exports over much of the year with exports growth remaining robust at 9.0% y/y to the end of August. However, there is the question of whether exporting businesses have seen enough activity to drive growth in the demand for industrial accommodation.
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31 October 2016