Despite decay in parts, well-located retail shops in the Johannesburg and Tshwane central business districts (CBDs) are in high demand, says Octodec Investments, the largest single owner of properties in the two city centres.

Low vacancies, quality and diversified retail offerings that match consumer needs, population density due to high-rise apartments, the government’s presence in the CBD as well as investments in the area help drive demand for space, said Octodec...

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