Commercial Real Estate in South Africa

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href="/en/offices">Offices</a></li> <li class="breadcrumb-item js-breadcrumb-item active" aria-current="page">South Africa</li> </ol> </nav> </section>  <section class="container" style="" > <div class="theme-darkblue"> <div class="hero mix_hero-image js-hero"> <img class="d-none d-md-block image-resizing h-auto" alt="South Africa" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/emea/south-africa/office/south-africa-desktop.jpg?rev=097fc711a5fd4bc68b57097ac4dfc5ed" width="1488" height="360"/> <img class="d-block d-md-none image-resizing h-auto" alt="South Africa" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/emea/south-africa/office/south-africa-mobile.jpg?rev=d637781d9f84426d848e44d31175c9b7" width="366" height="234"/> </div> </div> </section> <div class="container"> <div class="row"> <div class="col-lg-8" style=""> <section style=""> <div class="page-title" data-dttype="OfficeDetailPage"> <h1 class="page-title-main">South Africa</h1> </div> <div> <div class="page-content-body rich-text"> <h2>REAL ESTATE IN SOUTH AFRICA </h2> <h3>Retail Property Sector </h3> With a population unlike any other country, made up of a broad spectrum of ethnicities, the South African (SA) retail market is widespread and diverse, comprising of both formal and informal retail trade space.  <br /> <br /> With roughly 25.6 million m² of formal retail space, and approximately 3.0 million m² in the pipeline, competition is extensive and demands new offerings and unique experiences from shopping centres and retailers in order to attract customers and retain market share. <br /> <br /> <h3>Office Space Sector </h3> The office sector, which is estimated to measure around 32.2 million m², is experiencing a degree of pressure as a result of current economic conditions and the COVID-19 pandemic.  <br /> <br /> The overall office vacancy rate is 13.3% which is the highest since 2004.This is evident by a change in demand for space within certain nodes across the country as well as cautious attitudes being adopted by a number of corporates.  <br /> <br /> However, road infrastructure upgrades and new office developments coming onto the market are increasing the attractiveness of a number of nodes and growth has been evident in areas such in Johannesburg as Sandton, Rosebank and Century City which are situated in close proximity to public transport infrastructure. <br /> <strong> <br /> </strong> <h3><strong>Industrial Real Estate Sector </strong></h3> With regards to current industrial market conditions, developments with high yard ratios in addition to warehouses with high category ASIB ratings on firefighting equipment appear to be in demand.  <br /> <br /> Furthermore, new warehouse developments are generally being constructed on demand, although developments of smaller units on risk are also evident.  <br /> <br /> In relation to online shopping, this is expected to lead to a demand for decentralised warehouse facilities within closer proximity to ports across South Africa.  <br />  <br /> <h2>Why South Africa? </h2> South Africa is the continent’s most developed economy and is a labour-intensive country, with strong labour market volumes in terms of semi-skilled and unskilled labour.  <br /> <br /> The country has an estimated population of 58.8 million. It has formidable manufacturing and financial sectors. It is the world’s largest exporter of gold and platinum.  <br />  <br /> <h2>What we offer </h2> <p>We help our clients make intelligent business decisions to get maximum value from the spaces they occupy. <br /> <br /> The Cushman & Wakefield | BROLL partnership provides a full suite of services designed to comprehensively drive a client’s business advantage and its value to levels beyond just a best practice strategy.  <br /> <br /> It’s all in the delivery:</p> <ul> <li>Integrated data and finance management </li> <li>Advisory and transactions </li> <li>Account management </li> <li>Estate management </li> <li>Workplace consulting </li> <li>Facilities management </li> <li>Retail tenant representation, leasing and strategy </li> </ul> </div> </div> <input type="hidden" id="l1" value=-26.11182> <input type="hidden" id="l2" value=28.054367> <input type="hidden" id="prop" value=61+Katherine+Street+Johannesburg%2c+Johannesburg+2132> <div id="map"></div>  <style type="text/css"> #map { width: 100%; height: 450px; margin-bottom: 40px; } </style> <script type="text/javascript"> var p1 = document.getElementById('l1').value; var p2 = document.getElementById('l2').value; var prop = document.getElementById('prop').value; prop = prop !== "" && prop !== undefined && prop !== null && decodeURIComponent(prop).replace(/\+/g, " "); var hostUrl = document.location.origin; var iconBase = hostUrl + '/Assets/images/CW-Map-pin-50x50.png'; // Initialize and add the map function initMap() { const myLatLng = { lat: Number(p1), lng: Number(p2) }; const map = new google.maps.Map(document.getElementById("map"), { zoom: 16, center: myLatLng, }); // add a custom marker new google.maps.Marker({ position: map.getCenter(), map: map, title: prop, icon: iconBase }); } window.initMap = initMap; </script> </section> </div> <div class="col-lg-4" style=""> <section style=""> <div class="sidebar"> <h4 class="sidebar-header alt">Office Information</h4> <div class="sidebar-body"> <p> 61 Katherine Street<br /> Sandown Ext. 54 2196<br /> Saxonwold<br /> Johannesburg, Johannesburg 2132 <br /> South Africa<br /> </p> <p><a class="font-weight-bold" href="tel: "> </a></p> </div> </div> <div class="sidebar"> <h4 class="sidebar-header text-center">Local Office Contact</h4> <div class="card mix_person"> <a href="/en/united-states/people/ken--gerber"> <img class="card-img-top image-resizing" alt="Ken Gerber" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/emea/south-africa/people/ken-gerber.jpg?h=224&w=224&rev=7df8bfe26b0d4991aaf26df20c4dc922&hash=163CFA6029949ABD4C47C472AD30BFA3" height="224" width="224" /> </a> <div class="card-body"> <h6 class="font-weight-bold"> <a href="/en/united-states/people/ken--gerber">Ken Gerber</a> </h6> <p class="card-text mt-3"> <span class="font-weight-bold">COO, Cushman & Wakefield Broll</span><br /> <span class="font-weight-bold">Johannesburg, South Africa</span><br /> </p> <hr class=""/> <p class="font-weight-bold "> <a href="/api/GetVCard?personId={030C0F4C-30C2-4687-97BE-42E32EDF8C66}&vcn=KenGerber"><i class="far fa-id-card"></i> Download VCard</a> </p> </div> </div> <div class="sidebar-secondaryContacts"> <p> <a href="/en/inquire" class="btn btn-primary btn-block" target="_self" title="contact" >contact</a> </p> </div> </div> </section> </div> </div> </div> <section class="container" style="" > <div class="card mix_padded "> <div class="card-body"> <div class="row no-gutters"> <div class="card-logo col-sm-12 col-xl-3"> <img class="image-resizing h-auto" alt="CW Broll logo" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/emea/south-africa/cw-broll-logo.jpg?rev=eeafd35c841243ffb0164e3e2935f903" loading="lazy" width="273" height="280" /> </div> <div class="col"> <h5 class="card-title text-uppercase">More Information on Cushman & Wakefield South Africa</h5> <div class="card-text rich-text">See property listings or visit Cushman & Wakefield Broll website for more contact information and service details.</div> <a href="https://www.broll.com/results/commercial/for-sale/ " class="btn btn-primary px-5 cta-generic-btn" rel="noopener noreferrer" target="_blank" title="Property Listing" >Property Listing</a> <a href="https://cwbroll.com/" class="btn btn-secondary px-5 cta-generic-btn" rel="noopener noreferrer" target="_blank" title="Cushman & Wakefield Broll website" >visit Cushman & Wakefield Broll website</a> </div> </div> </div> </div> </section> <section class="container-fluid" style="" > <div class="hero mix_hero-prefooter js-hero"> <div class="hero-animation-container"> <div class="hero-prefooter-stripes"></div> </div> <div class="container"> <div class="row align-items-center"> <div class="col-lg-7 offset-lg-1"> <h3 class="text-uppercase">Can't Find What You Are Looking For?</h3> <div class="rich-text">Get in touch with one of our professionals.</div> </div> <div class="col-lg-2 offset-lg-1"> <a href="/en/inquire" class="btn btn-primary" >Contact Us</a> </div> </div> </div> </div> </section> <div class="cookiecontent">  <div id="banner_title" class="desc_text"> Your privacy matters to us </div> <div id="description_text" class="desc_text"> With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.<br /> <br /> Alternatively click on More Options and select your preferences before providing or refusing consent. 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