Real Estate Investor Magazine South Africa May 2014 | Page 43

REI Commercial

The historic Durban Jacobs industrial area, on which
development first began some 100 years ago and
which is conveniently sited between the existing
Durban harbour and the new harbour to be built on
the site of the former Durban airport, has become The office market is continuing on its gradual
one of the most sought after industrial precincts in recovery path as occupancy rates stabilise in the low
South Africa.
double digits. As at Q1 2014, the national office
vacancy rate as measured by SAPOA stood at 11.0%.

Valuable Input

Neil Gopal
CEO
SAPOA

Clare Hartnell
Global Leader
Grant Thornton

Megan Gedye
Associate
Garlicke & Bousfield Inc.

The prevailing level and
increase seen in property taxes
throughout South Africa
continues to be a concern. We
are a taking a strategic and
proactive approach to identifying,
collecting and analysing core
data on property taxes, so that we
can best inform our members.

Increasing activity in the real
estate and property sector is
a strong indicator that the
global recovery is gaining
momentum, although it would
not take much to destabilise
these improvements. As cities
rather than countries seem to
be the focus for investors and
businesses alike.

With the advent of the
Removal of Adverse Consumer
Information and Information
Relating to Paid Up Judgments
Regulations’ certain omissions
in the Act have been dealt with,
making it easier for people to
obtain credit. Credit providers
must still ensure they are
vigilant when extending credit.

www.reimag.co.za

REALE ESTATE BUSINESS DIRECTORY

May 2014 SA Real Estate Investor

41