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

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TPN Vacancy Survey Report Q2 2024

Residential rental vacancies in South Africa rose to 6.72% in the second quarter of 2024, up from 4.42% in Q1, as economic pressures and evolving consumer behaviour impacted demand across all provinces and rental value bands. The sharpest increases w…

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