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Rode’s property news

Residential boom peaking, but office boom just starting

The housing boom may have peaked, but the good news on the property front is that office rentals are likely to double over the next few years, Erwin Rode, CEO of Rode & Associates said in his prognosis on the property market at the recent Rode Conferences.

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Don’t write off listed property yet

Listed-property investors should not be too perturbed about the recent correction in share prices, as strong income-stream growth is likely to compensate them during the next few years as the upswing phase of the non–residential property cycle progresses.

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Why are PE rentals lower than rentals in the rest of the country?

When looking at the history of industrial and office rentals in Port Elizabeth (PE) compared to the major cities in South Africa, it is evident that rental levels are far lower − so much so that they are below the levels that would make new developments viable, given the strong increase in building costs over the past few years.

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Contact Lynette Smit on 021 946 2480 / 082 323 5799 or send an e-mail to lynette@rode.co.za.

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