Commercial property survey shows

SALES WEAKENING

Commercial property industry hit by rising interest rates

28 T R E N D S

The second quarter of the 2022 FNB Commercial Property Broker survey has been published and a key highlight reveals that two out of three major commercial property sectors – office and retail – are showing declines in market sales activity levels .

So , what has caused this reduction in activity , what can the industry expect , and are there any winners in the commercial property space ?

Confidence is down

The property insights survey has shown that confidence in the commercial property sector has gone down slightly . It revealed that 46 % of brokers felt the business conditions were satisfactory . This is down from 47 % that previously felt conditions were satisfactory .

The FNB survey said that this reflected the economy , which is battling to fully recover from the 2020 recession and rising interest rates .