Rode ’ s Report seconds this , noting that ‘ Cape Town is looking as fresh as a daisy ’. “ Nominal rentals for prime space of 500m2 is up by 6.7 % from Q3 2021 . In the office sector , various companies are relocating their head office to the Western Cape in a sustained semigration movement .
“ 2020 was a defining year for industrial property and this trend continues . Today , we are going as far as to use industry contacts to secure stock before they are listed .”
Logistics expanded and found new premises in 2022 . In the Western Cape , Truworths , The Foschini Group and Media24 Logistics were some of the frontrunners in securing new premises while in KwaZulu Natal , Zacpack led the way .
Deals concluded in this sector equate to north of 500 000m2 in 2022 . We are pleased to be showing positive growth and I believe that the same can be said for the majority of the industry at large .
The Year 2022 will forever be defined by some of the largest logistics property deals that the industry has experienced in recent history . In Gauteng , prominent brands such as Isuzu , Media24 and Crusader
Wesley Cowan Director Galetti Corporate Real Estate
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