Johannesburg records highest office vacancy rates in SA
Current vacancies translate to R2.8bn annually in potential gross rental income, according to Sapoa
04 July 2023 - 17:17
UPDATED 07 July 2023 - 12:17
Johannesburg recorded a higher percentage of office vacancies than the national average during the second quarter of 2023, as a sluggish economy resulted in reduced demand for space in the country's economic hub.
Though property owners continue to offer attractive tenant installation allowances and longer beneficial occupation periods for longer leases, subletting activity is diluting demand for existing vacant space...
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