During Q1 2023, SA’s office vacancy rate improved once again after peaking at a new all-time high of 16.7% during Q2 2022. According to the SAPOA Office Vacancy Survey, the overall vacancy rate at quarter end was 15.8% – down 30 basis points quarter-on-quarter.
The most recent survey’s sample comprised 3 108 office properties across 52 nodes and 19.1 million square meters of gross lettable area (GLA) including developments currently under construction.
For more detailed information on SA’s office vacancies, download a free copy of the latest report here (free to SAPOA members only).
How to access SAPOA’s reports:
- Visit www.sapoa.org.za.
- Login/register on SAPOA Members
- Click on ‘Reports’
- Click on ‘Free Reports’
- Click on ‘Office Vacancy Reports’
Not a SAPOA member? Sign up here
