SA’s office vacancy rate recorded 13.7% during Q4 2024, up 10 basis points from Q3 2024 according to SAPOA’s Office Vacancy Survey – the first increase since Q2 2022 when vacancies peaked at 16.7% followed by improvement for nine consecutive quarters.
Despite the marginal deterioration in vacancies, growth in asking rentals accelerated to 2.2% year-over-year and while this is well below inflation, it may signal that overall supply and demand is edging closer to equilibrium.
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.
