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Despite economic and policy challenges, South Africa’s commercial property sector is navigating a difficult business environment. Confidence has declined due to factors such as load shedding, regulatory uncertainty, and a struggling government,…

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 signifi…

Commercial tenant rental payment recovery stalled in the third quarter of 2021, with a slight decline in the percentage of tenants in good standing. This decline comes on the back of four prior quarters of strong recovery out of 2020’s hard lockdow…

If the shop is shut, trading stops – as experienced by the majority of small and medium sized retailers last year, driving retail tenant good standing to a mere 40% in May 2020. Recovery has been the most significant for this sector up to 61% f…

Best performing tenants, but ominous signs for the Office Market: while still showing the best tenant payment performance of the 3 major commercial property sectors at the end of 2020, it is not to say that significant financial constraints do not ex…

In the 3rd quarter of 2020, Commercial tenant rental payment performance began its long slow road to recovery following the sharp COVID-19-related lockdown drop in the 2nd quarter. From a lowly 50.36% of Commercial tenants being in good standing with…