Find Properties

News


Property Trends Forecast For 2018

Property Trends Forecast For 2018

Even though companies might be experiencing internal growth, and be in need of supplementary office space, current trends in South Africa’s commercial property sector indicates that office tenants and building owners would rather try and employ the services of working space specialists. They would also rather encourage mobile offices, instead of packing up and relocating to larger office space.

Another clear trend sweeping through the industry is actually the global trend of shrinking office sizes. In the past few years, businesses have started to move away from individual cubicles and offices, favouring a more social work setting. This helps to minimalize workspace, resulting in landlords and property managers finding themselves renting out to more tenants, with each utilising smaller space with more employees. It’s also true that small to medium companies have also started opting for flexible leases, subdividing space and sharing risk with other businesses.

What To Expect In The Retail Property Sector

South Africa holds the reputation as being the world’s sixth most ‘malled’ country. This, despite the uncertain economic climate and various other contributing factors that have to be considered for a mall or shopping centre to be successful, and provide financial conviction.

Additional pressure is being placed on consumers’ disposable incomes, showing a decrease in foot traffic in shopping centres, and ultimately in individual shoppers’ spending. However, it doesn’t seem to be putting a dampening on retailers and shopping centres, with more malls being scheduled for opening throughout 2018.

Industrial property, on the other hand, is showing extreme resilience. Developers are continuing to build on risk, and continue to be rewarded with favourable uptakes in tenancy, in spaces such as warehouses. The logistics sector also seems to be the catalyst for more stability in the property sector in general. These are only a few of the real estate trends to keep a look out for in 2018.

Image courtesy of : BusinessTech

Article Comments

Featured Properties

Office Space To Let | Herminio Santos Building | 30 A...
30 Arena Close | Bruma,
Bedfordview and Bruma,
Johannesburg Northern Suburbs,
Gauteng
1200m2 at R88/m2
Office Space To Rent | 1 Newtown Road | Killarney
1 Newtown Road, Killarney ,
Killarney,
Johannesburg Northern Suburbs,
Gauteng
708.67m2 at R90/m2
The Hill On Empire | Commercial Space To Rent | Parkt...
Cnr Hillside & Empire Roads Park...,
Parktown and Houghton,
Johannesburg Northern Suburbs,
Gauteng
8640m2 at R178/m2
Office Space | Silverpoint Office Park | 22 Ealing Cr...
22 Ealing Crescent | Bryanston,
Bryanston,
Johannesburg Northern Suburbs,
Gauteng
725.52m2 at R150/m2
Office Space To Let | Firestation Office Park | Roseb...
Baker Street ,
Rosebank, Melrose and Dunkeld ,
Johannesburg Northern Suburbs,
Gauteng
400m2 at R210/m2
Enterprise Park 1 | Sunninghill | Renting Office Spac...
Corner Simba and Leeukop ,
Sunninghill and Paulshof,
Johannesburg Northern Suburbs,
Gauteng
2437m2 at R80/m2
Katherine and West | Commercial Property | Sandton
Corner Katherine and West Street,
Sandton,
Johannesburg Northern Suburbs,
Gauteng
424.6m2 at R199/m2
Home Properties Contact Us Search