South Africa: Offices in Jo'burg CBD Are 25% Vacant

Johannesburg — JOHANNESBURG's central business district (CBD) has looked stark, with office vacancies at about 25% of its total gross lettable area over the past two years, according to vacancy figures from commercial property industry association Sapoa.

The figures for the quarter ended December last year put city vacancies at 24,4%, down from 25,8% in the previous quarter and 25,4% nine months earlier. A vacancy rate of 24,4% for the city meant that 394351m' of CBD office space is unused.

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