Cape Town Office Space
Category Commercial news
What to expect when looking for office space in Cape Town The Cape Town office property market is showing constricted demand for new and sizeable office space, with the minimal activity consisting of enquiries where existing occupiers search for improved value. Recent activity in the office sector has mainly been the relocation of large corporate tenants to newer and more energy-efficient buildings. The South African macroeconomic environment continues to experience stability problems, not least of which is the mining sector unrest. For the quarter ending June 2014, economic growth and confidence within financial and business services (a major constituent of the office property market) remain diminished. Employment growth has been slowing in both the public and private sectors, likewise impacting on the amount of office space needed.
Author: SA Commercial Property
