Research

Cape Town City Report - December 2018

December 02, 2018

The Cape Town office vacancy rate increased slightly in Q3 2018, to 7.3% from 7.0% in Q2 2018. However, closer inspection of the figures shows that the increase was largely driven by a rise in supply rather than a decline in demand. Building completions included The Halyard, which added 16,000m² of office accommodation, at a time when demand is not showing much growth. With 2019 being an election year, activity is likely to slow in the country’s office market, as occupiers adopt a wait-and-see attitude to the political situation.

Fill out this form to download report

First Name

Last Name

Email *

Company

Country

Which department do you work for?

I would like to receive communications from JLL.

There was an error submitting the form. Please try again.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.