Real Estate Investor Magazine South Africa Real Estate Investor Magazine - Dec/Jan 2018 | Page 23

FEATURE
Mobeni historically record higher vacancy rates, with very
little to no growth in rentals. Industrial tenants look for high
quality accommodation within close proximity to the airport
and main routes. A proposed new industrial development in
Kingsburgh, close to Southgate, aims to increase the amount
of rental stock.
Johannesburg’s industrial market has shown interesting
movement over the last quarter. While vacancy rates have re-
mained at around 4%, the spread of these vacancies are of note.
While southern Johannesburg has historically been plagued by
high vacancy rates in its old buildings, the area is now showing
one of the lowest vacancies. Southdale/Booysens measures at
3% vacancy in Q3, with Germiston, Alrode, and Albe