Decentralised offices in Cape Town outperform other cities
Perceived better municipal governance and lifestyle are driving demand for office space, according to the Rode’s Report
18 October 2022 - 17:02
The office property sector in Cape Town has emerged as the best performer among SA’s major cities, with nominal rentals growing nearly 8% during the third quarter of 2022 and strong demand for space.
Nominal rentals for A-grade offices — considered top drawer — increased by 7.6% in Cape Town compared with 3.8% in Johannesburg and 1% in Durban. Pretoria saw rentals falling by 3.3%, according to the Rode’s Report for the third quarter of 2022...
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