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Blog by Rode

State of the property market in quarter 1 of 2021

09.04.21 10:37 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Capitalization rates of industrial and retail property improve. Listed property prices continue to recover. The wilting office market. Ghost buildings spook office market...

State of the property market in quarter 4 of 2020

01.02.21 10:26 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Office rentals pulled down by growing vacancies. Industrial market proves its mettle. Flat vacancies rise even further. Stronger nominal house price performance continues...

State of the property market in quarter 3 of 2020

15.12.20 07:24 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Office rentals sink amid flood of space. Industrial market under pressure as vacancies rise. Capitalization rates crumble. Flat vacancies spike...

State of the property market in quarter 2 of 2020

16.07.20 09:55 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Listed property distributions drying up. Office market to feel the pain in coming quarters. Industrial rental growth slows further. Flat rentals and house prices continue to weaken...

Inclusionary housing: The risks and opportunities

16.07.20 09:12 PM By Rode - Comment(s)
Let us assume South Africa was a 4×2 bakkie. The two front wheels are already over the (fiscal) cliff; the two rear wheels are still on terra firma. The driver is still behind the steering wheel and is frantically engaging reverse gear – but it is a front-wheel-drive vehicle.

Micro-units: Big solutions in small spaces?

16.07.20 09:12 PM By Rode - Comment(s)
Let us assume South Africa was a 4×2 bakkie. The two front wheels are already over the (fiscal) cliff; the two rear wheels are still on terra firma. The driver is still behind the steering wheel and is frantically engaging reverse gear – but it is a front-wheel-drive vehicle.

The drivers of house prices

16.07.20 09:12 PM By Rode - Comment(s)
Let us assume South Africa was a 4×2 bakkie. The two front wheels are already over the (fiscal) cliff; the two rear wheels are still on terra firma. The driver is still behind the steering wheel and is frantically engaging reverse gear – but it is a front-wheel-drive vehicle.

The drivers of house prices revisited

16.07.20 09:12 PM By Rode - Comment(s)
Let us assume South Africa was a 4×2 bakkie. The two front wheels are already over the (fiscal) cliff; the two rear wheels are still on terra firma. The driver is still behind the steering wheel and is frantically engaging reverse gear – but it is a front-wheel-drive vehicle.

How to value real estate when the road curves

16.07.20 09:12 PM By Rode - Comment(s)
Let us assume South Africa was a 4×2 bakkie. The two front wheels are already over the (fiscal) cliff; the two rear wheels are still on terra firma. The driver is still behind the steering wheel and is frantically engaging reverse gear – but it is a front-wheel-drive vehicle.

State of the property market in quarter 1 of 2020

26.04.20 09:45 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Office market still plagued by oversupply. Industrial market losing its shine. Flat vacancy rates heading higher. Listed property prices under severe pressure. Capitalization rates continue to worsen...

State of the property market in quarter 4 of 2019

26.04.20 09:40 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: The struggle continues for office market. Industrial rentals lose steam. REIT distributions disappoint as expected. Flat vacancy rates finish 2019 on better note. Cap rates continue to worsen...

State of the property market in quarter 3 of 2019

26.04.20 09:37 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Office rentals continue to disappoint. Industrial rentals continue to surprise on the upside. Building plans passed decline significantly. Listed property distributions to remain under pressure...

State of the property market in quarter 2 of 2019

26.04.20 09:33 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Office rentals slow further. Industrial rentals still strong, but losing some lustre. Trouble in Cape Town housing market. Cap rates unchanged. Flat vacancy rates remain high...

State of the property market in quarter 1 of 2019

26.04.20 09:30 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Listed property recovery still has long way to go. Office rentals struggling to keep pace with inflation. Industrial rentals continue to shine. House prices slowing further. Cap rates edge up...

State of the property market in quarter 4 of 2018

26.04.20 09:27 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Industrial rentals still strong. Office rentals subdued. Companies struggling, but some buck the trend. Cap rates worsen slightly. House prices remain weak...

State of the property market in quarter 3 of 2018

26.04.20 09:23 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Listed property companies under the cosh. Office rentals weaken. Industrial rentals shine. House prices disappoint. Cap rates mostly unchanged...

State of the property market in quarter 2 of 2018

26.04.20 09:20 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Office rentals pick up as Cape Town shines. Flat rental performance mixed. Industrial rentals pick up steam. Cap rates turn a corner. Listed property companies still under pressure...

State of the property market in quarter 4 of 2017

26.04.20 09:12 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Office rentals disappoint again. Industrial rentals shine. Flat rentals surprises on the upside. Continued declines in non-residential building activity...

State of the property market in quarter 3 of 2017

26.04.20 08:41 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: Office rentals waiting for Godot. Flat rentals in Cape Town hit affordability ceiling. Nationally, still-modest house-price growth. Listed property prices amazingly steady...

State of the property market in quarter 2 of 2017

26.04.20 08:33 PM By Rode - Comment(s)
The following are significant findings or conclusions made in this issue of Rode’s Report: No vigour in the office rental market. Contractions in spending on durables do not augur well for the manufacturing sector – a support pillar of the industrial property market...
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