Commercial Rental Monitor 2022 | Q1

Nationally, the average rental escalations for commercial property remained positive. Although there is still some way to go before escalations achieve the 5.28% it did in 2015, in Q1 of 2022, escalations bounced back to 2.3%.

Considering the significant vacant office space available in March 2022 the expectation is that rentals would have experienced aggressive de-escalation. However, these remained positive, albeit flat compared to previous years.

Gauteng was the only province to experience three consecutive quarters of de-escalation in 2021, and has recorded an average 1.61% escalation for the first quarter of 2022. The Western Cape avoided de-escalations and is currently slightly below the national average escalation at 2.02%. The biggest surprise is KwaZulu-Natal’s continued recovery, with a rental escalation of 4.14%.

Click HERE to download the TPN Commercial Rental Monitor 2022 | Q1

Vacancy Survey Report Q4 2023

The many challenges currently facing consumers, including the increased cost of living, has benefited the residential property investor and the various industries that support the overall residential rental market ecosystem. Rentals continue to grow,…

Find out more