Super-regional and regional centres , which fell the furthest during the 2020 / 21 downturn , are now seeing the strongest recovery . The March 2022 Clur Benchmark for super regional and regional centres combined shows a trading density level of R37,138 , a 13.1 % increase year on year and 3.3 % lift against 2019 , with super regionals at the highest level of R39,855 and a 15.9 % increase year on year .
The March 2022 Clur Benchmark for small regional and smaller centres shows a trading density level of R32,579 , a 4.7 % lift year on year and 10.5 % increase against 2019 . These smaller centres showed a trend of stronger growth over the downturn , largely due to being able to trade at close to full floorspace capacity during the hard lockdown , with a mostly essentially focused tenant mix , unlike their larger counterparts which were forced to trade at a lower floor space to size ratio . This performance underlines the value of having a diversified portfolio when considering all seasons .
“ The Renaissance was a fervent period of cultural , artistic , economic and political rebirth and innovation . It is also a time that celebrates humanity and life . Today we note Covid-19 sped up many trends and made people reconsider their lives , world and values , and has inspired extensive innovative thought .”
SA Real Estate Investor Magazine AUGUST 2022 105