'The phone's ringing': The worst is behind SA office sector, says Burstone

The worst appears to be behind SA’s office market, with market rentals stabilising and companies increasingly encouraging employees back into boardrooms and meeting rooms, says JSE-listed Burstone Group.

The group, formerly Investec Property Fund, said on Wednesday that while there were still significant negative rental reversions , underlying market rentals were no longer falling. And specific nodes such as Rosebank and Bryanston in Johannesburg and the V&A Waterfront and CBD in Cape Town were seeing much more positive momentum, with very little available space for tenants seeking offices in these sought-after areas.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.

Andrew Wooler South Africa

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