Property operating costs (as a percentage of gross income) stabilised in 2024, reversing the recent upward trend and offering landlords slight relief according to SAPOA’s Operating Cost Report for FY2024.
By yearend, the gross cost-to-income ratio declined by 20 basis points to 42.8%, following a modest 0.6% increase in total operating costs and closely matched by a 0.5% rise in gross income.
For more detailed information on SA’s operating costs during 2024, 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
