Demand for industrial property is strong, says Growthpoint
Real estate investment trust continues to optimise its portfolio and dispose of noncore assets
20 September 2022 - 19:30
SA’s largest property company, Growthpoint, says that with rising demand for industrial properties, it is experiencing good leasing activity in KwaZulu-Natal and the Western Cape.
Driven by growth in online retail and demand for warehousing and logistics facilities for the year to end-June 2022, overall vacancies reduced from 9.4% in June 2021 to 5.7%, with the two provinces recording vacancies of about 2%. Gauteng recorded 7.8% excluding structural vacancies...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.