PDL Property Management Logo
You are here: PDL Property Management / Latest News / The Jse All Property Index Closed At 7 464 Last Night

The JSE All Property Index closed at 7 464 last night.

SHOWING ARTICLE 18 OF 155
GALLERY

The JSE All Property Index closed at 7 464 last night.

Category Services

Nationally, gross market rentals for decentralized grade-A office space increased by 2% in nominal terms during Q3 2022 when compared to Q3 2021 - the first year-on-year increase in two years, according to Rode's latest 'The State of SA's Property Market'. However, in real terms, rentals fell by 8% after deducting building cost inflation (BER BCI) which stood at just above 10%. Grade-A nominal rentals increased by 7.6% in Cape Town, 3.8% in Johannesburg and 1% in Durban. Pretoria, however, recorded a decrease of 3.3% which implies that none of the major cities managed to record above-inflation rental growth compared to a year ago.

 

Author Property Wheel
Published 21 Oct 2022 / Views -
Disclaimer:  While every effort will be made to ensure that the information contained within the PDL Property Management website is accurate and up to date, PDL Property Management makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.