SAPOA: Office vacancies record eighth consecutive quarter of improvement during Q2 2024

The overall office vacancy rate at the end of Q2 2024 was 14.2%, down 50 basis points on the previous quarter, and recording the eighth consecutive quarter of improvement. However, this improvement came at a cost to rental growth which has declined year-over-year since 2019. During Q2 2024, the overall office asking rental rebounded back...Read More→

SA’s residential market records fastest y/y rental growth since 2017

propertywheel.co.za - 22/Aug 09:45

The second quarter of 2024 has marked a new post pandemic high with the fastest year-on-year residential rental growth since December 2017 according...

Spear REIT’s Western Cape focus continues to underpin its operational performance

propertywheel.co.za - 09:10

Spear REIT Limited has reported that its overall portfolio occupancy rates have increased by 200 basis points from its FY2024 yearend of 93% to a...

SAPOA and City of Tshwane forge stronger ties to drive investment in the city

propertywheel.co.za - 23/Aug 05:45

From left to right: CEO of TEDA Dr Lardo Stander, CEO of SAPOA Neil Gopal, Executive Mayor Alderman Cilliers Brink, MMC of Economic Development and...

Curbio Named Overall Home Improvement Company of the Year by 2024 PropTech Breakthrough Awards

healthtechzone.com - 20/Aug 21:03

Encouraging signs in Europe’s industrial leasing market with investment activity gearing up

propertywheel.co.za - 19/Aug 07:15

Investment activity in Europe’s logistics real estate sector rose by 9% year-on-year in H1 2024. Leasing activity proved encouraging during Q2...

Cape Town sets countrywide record for the largest single-year infrastructure spend

propertywheel.co.za - 22/Aug 09:48

Cape Town has set a countrywide record for the largest single-year infrastructure investment totalling R9.4 billion for the 2023/2024 financial year....

Over 60% Of Builders See Their Housing Starts Dropping By Half In 2024

storeys.com - 22/Aug 19:47

The Canadian Home Builders’ Association (CHBA) released its Housing Marketing Index (HMI) for Q2 2024 today, revealing a "broadly negative" home...

Aveng to create two independent, separate entities from McConnell Dowell and Moolmans

propertywheel.co.za - 20/Aug 06:23

Aveng has published its results for the year ended June 2024, reporting a 27% increase in revenue from continuing operations of A$3.1 billion (R37.5...

Property rates increased by 10.7% during 2024

propertywheel.co.za - 21/Aug 10:40

Property rates increased by 10.7% during 2024 (2023: 8.4%) according to StatsSA, electricity tariffs by 12.1% (2023: 15.3%) and water tariffs by 7.5%...

Nvidia Q2 revenue beats expectations in record-setting boost to AI sector

entrepreneur.ca - 28/Aug 21:27

The company expects next quarter to be even better with improvement expected across nearly every vertical. The company expects next quarter to be...

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