FNB's Property Broker Survey - Market Balance

FNB's Property Broker Survey - Market Balance

According to FNB's Property Broker Survey - Market Balance for Q1 2022, indicators in the commercial property market suggest that the industrial sector may be reaching a demand-supply balance, unlike the office and retail sectors which are perceived to be oversupplied. While the industrial market's strength appears to lie within eThekwini, Nelson Mandela Bay, and Cape Town, it is showing signs of weakness across Gauteng's major metros, especially in Greater Johannesburg. FNB anticipates the industrial market to return growth in capital values during 2022.