Rode’s property news
The leading business-cycle indicator continues to signal that even weaker economic activity should be expected, which bodes ill for the housing market.
Prime office vacancy rates in Cape Town decentralized are at their lowest level in more than seven years.
Prevailing weak and low levels of business sentiment are set to keep the demand for industrial space at bay, and the outcome of this will be continued moderate growth in market rentals for industrial space.
Until there is a significant turnaround in the performances of the manufacturing and retail sectors, strong growth in industrial market rentals cannot be expected.
Nationally, office vacancy rates are finding it hard to drop. And, given the under-performance of important drivers of office demand, a sudden improvement in office vacancy rates should not be expected.
Over the past few decades the tertiary (services) sector of the SA economy has been growing in relative importance – as has been the case in the developed world.
Property valuation firm Rode & Associates, has been honoured with top awards from the authoritative publication Professional Management Review (PMR.africa) in this year’s 2015 PMR.Africa rankings
At the end of last year, house prices in Cape Town and Bloemfontein were accelerating, while the exact opposite was happening in Port Elizabeth – this according to the latest Rode’s Report on the SA Property Market.
Smaller houses are showing the strongest growth — this according to the latest Rode’s Report on the SA Property Market.
A few premier office nodes in some of the country’s major cities are showing decent growth – this according to the latest Rode’s Report on the SA Property Market.
The valuation of a substantial track of developable vacant land with the potential for township establishment poses special challenges to property valuers.