Global property transactors and advisors, Jones Lang LaSalle, in collaboration with Baker Street Properties, presents its Cape Town Real Estate Overview H1 2013 report.
Main findings of this H1 2013 report are as follows:
- Increasing costs pressure continue to burden the South African business community and the already indebted consumers.
- In the previous years, the office market was characterised by the lack of quality buildings but this will soon be reversed as occupiers will soon be afforded a wider choice of quality buildings.
- Increased development projects are concerning as they may add to the currently rising vacancies in the midst of slow demand for office space.
To access the report click here.