Tenant demand for rental property in the third quarter of 2021 remains weak, hovering at a demand rating of 56, a reflection of the pandemic job loss carnage. Encouragingly, vacancy rates may have peaked and have dipped to 10.66% in Q3 2021. Still double digits, but at least trending downward from 13.15% the previous quarter. Of the large four provinces, only the Western Cape remains in double digit vacancy at 11.07%, Gauteng, KwaZulu-Natal and Eastern Cape at 9.84%, 9.85% and 7.13% respectively.
