In this high risk article we try provide guidance on those industry advances expected in Africa in 2020. (We also “mark our homework” on our bets for 2019). We hope that you, as reader, gain strategic advantage in our attempts at commercial real estate industry “crystal balling”!
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Don’t know what you don’t know. Me too! Well at least that was the case before I tried writing this article. To save you time, here I condense and share my learnings about fibre. Hope you find this efficient summary of info enlightening and helpful.
An efficient snapshot of South Africa’s office property market as at October 2019 – using, as a proxy for the larger industry, the performance of three blue chip nodes in Johannesburg. We also reveal two new-to-industry metrics: average space density, and performance by owner type.
This article focuses, for the first time, on ownership of South Africa’s blue chip offices (in late 2019). We define property owner categories, then drill down into fresh new stats, broken up by owner type, such as vacancy rates and owned GLA. This fresh approach hopefully helps you efficiently see the world through a slightly different lense.
Rosebank is featured in this popular research article format. In addition to the normal format we cover the performance of Africa’s first WeWork, and, for a first time, clarify definitions of vacant space. We then cover the standard nodal detail (nodal definition, snapshot, comparatives, vacancies by grade, asking gross rentals by grade and comparatives, timing of vacancies coming onstream, and deal flow!)
Using aerial images, we do a “before and after” on Bryanston – and explain the difference. We then lean on the expertise of a town planner to understand the current development rights available, what Bryanston will look like 10 years from now and the factors to influence it, and reference this to workers and property values. At the risk of the internet never forgetting, we even make a stab at a prediction!
Bryanston is featured in this popular research article format. As a first we we identify Bryanston’s top 5 property owners, then move to the standard detail (nodal definition, snapshot, comparatives, vacancies by grade, asking gross rentals by grade and comparatives, timing of vacancies coming onstream, and deal flow).
Here we attempt to apply the timeless, and immensely powerful, economic concept of opportunity cost to CRE. Using a video and story, we attempt to illustrate what a powerful efficiency lever opportunity cost can be. If you can apply the principles, we feel confident you will see the benefits in your business, and in your bank account!
A (confidential) brokerage could not believe our published findings on a major CRE data overhaul project. The best way to establish the truth was to run a similar process on this brokerage’s “clean data”. Check our fairly startling findings below…