With South Africa’s GDP having declined by a notable 2,2% in the first quarter of 2018, the remainder of the year and the start of 2019 will be a challenging time, not only in Cape Town, but throughout the country, as local and global socio-political factors impact negatively on the national economic performance – seeing the country enter a significant period of change. Whilst the city has the lowest vacancy rate across the country with a low development pipeline, it will remain a challenge to maintain in terms of low vacancy figures going forward. While demand across the country remains weak, we anticipate a knock-on effect which will restrain rental growth. What is the impact on the Cape Town property market? Download our latest Street Smart report on the Cape Town Industrial Real Estate market with key information on area insights, properties on offer and solutions.
Baker Street Properties is a leading Cape Town-based property company dedicated to finding long term property solutions for discerning corporate clients. With many years of experience in the Cape Town real estate market, the firm offers expertise in Commercial, Industrial, Retail and Invesment property. Baker Street Properties is trusted by South Africa's major landlords, property funds and developers. Other servies include Representation, Consulting, Property Marketing and Research.