The Commercial Real Estate market in Southern Africa is experiencing significant growth and development. Customer preferences in the region are shifting towards modern, well-designed office spaces that offer flexible working environments. Companies are increasingly looking for office spaces that can accommodate remote working, collaboration, and technology integration. Additionally, there is a growing demand for retail spaces that provide unique experiences and cater to the changing consumer preferences. Trends in the market show a rise in mixed-use developments, where commercial spaces are combined with residential and leisure facilities. This trend is driven by the desire for convenience and accessibility, as well as the need for urban regeneration in certain areas. Mixed-use developments offer a variety of amenities in one location, creating vibrant and dynamic spaces that attract both businesses and consumers. Local special circumstances in Southern Africa, such as rapid urbanization and population growth, contribute to the development of the Commercial Real Estate market. As more people move to urban areas, the demand for commercial spaces increases. This is particularly evident in major cities like Johannesburg, Cape Town, and Durban, where there is a concentration of businesses and economic activity. Underlying macroeconomic factors also play a role in the growth of the Commercial Real Estate market. Southern Africa has seen steady economic growth in recent years, which has led to increased investment in the region. Additionally, favorable government policies and incentives for foreign investors have attracted international companies to establish a presence in Southern Africa. These factors contribute to the demand for commercial spaces and drive the development of the market. In conclusion, the Commercial Real Estate market in Southern Africa is experiencing growth and development due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for modern, flexible office spaces and mixed-use developments is driving the market forward. With rapid urbanization, population growth, and favorable economic conditions, Southern Africa presents opportunities for both local and international investors in the Commercial Real Estate sector.
Data coverage:
Figures are based on value of commercial real estate.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
