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”!
This is a first attempt in South Africa of answering the question: “who do these buildings in prestige office nodes belong to?”
“One man’s meat, is another man’s poison”
Unlike residential, commercial real estate (CRE), the “premier league” of property, is a non-homogenous asset class. Properties are broken up by property category, sub-categories within categories, grades, and area. As a result, property owners compete with a diverse range of skills. Thus, what may be attractive to certain property owners, is not attractive to others.
Our sample set, comprises 3 “blue chip” office nodes within JHB ¹.
These are the nodes we analysed: