COVER STORY
Commercial properties tenanted by medical practices are top performers within South Africa’ s commercial property space and, on the back of the beginnings of a resurgence in the overall commercial property market.
They are drawing a great deal of interest ahead of the company’ s next auction on November 27 at the Bryanston Country Club in Johannesburg.
COVER STORY
Commercial properties tenanted by medical practices are top performers within South Africa’ s commercial property space and, on the back of the beginnings of a resurgence in the overall commercial property market.
They are drawing a great deal of interest ahead of the company’ s next auction on November 27 at the Bryanston Country Club in Johannesburg.
According to High Street Auction Company director, Greg Dart, there is consistent demand for modern, high-quality buildings that not only align with modern tenant preferences but have been fitted to accommodate the needs of specific tenants. The medical sector – one of the few to remain stable throughout recent economic upheavals – is a case in point when it comes to both consistency and unique requirements.
A healthy segment of the property market
He points out that investment in medical office buildings hinges on the fact that there is a growing demand for specialised facilities. Development of new medical facilities is ongoing on the back of continued pressure on private healthcare service providers due to the poor performance of public healthcare facilities and a substantial increase in demand due to the National Health Insurance( NHI) legislation in South Africa. Implementation of the NHI is still uncertain, but it is clear that the private sector will play an important role in service delivery.
26 REI MAGAZINE NOVEMBER 2025